MD Rental license restrictions - new proposed law

MD Rental license restrictions - new proposed law

Alex FailaevPro Member
Investor · Salisbury, MD · Member since 2015 · 121 posts · 56 votes

Has anyone in the Maryland area heard about the new law that was introduced on 2/7/20 to allow for the limitation of rental licenses being issued?

HB1199 is the name - just sent to us by our local SOPOA to make us aware

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Investor · Colorado Springs · Member since 2016 · 234 posts · 150 votes
6y

PROPOSED: Requiring each county to establish a program to license certain residential rental properties on or before September 30, 2021; authorizing a county to create certain exceptions to rental property license requirements; requiring each county to establish a limit on the number of rental property licenses that may be issued; prohibiting a county from issuing new rental property licenses after a certain limit has been reached, subject to an exception for certain property that has been in continuous operation as a rental property; etc.

Until it's passed, it it passes, nothing to worry about in my humble opinion. The truth is there's a shortage of affordable housing in most counties. Hopefully the legislators will see that landlord restrictions have a direct impact on the supply of affordable housing...

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  • Rental Property Investor · Laurel, MD · Member since 2016 · 383 posts · 382 votes
    6y

    No I  haven't but am looking into now.

    Thank you 

  • Investor · Colorado Springs · Member since 2016 · 234 posts · 150 votes
    6y

    PROPOSED: Requiring each county to establish a program to license certain residential rental properties on or before September 30, 2021; authorizing a county to create certain exceptions to rental property license requirements; requiring each county to establish a limit on the number of rental property licenses that may be issued; prohibiting a county from issuing new rental property licenses after a certain limit has been reached, subject to an exception for certain property that has been in continuous operation as a rental property; etc.

    Until it's passed, it it passes, nothing to worry about in my humble opinion. The truth is there's a shortage of affordable housing in most counties. Hopefully the legislators will see that landlord restrictions have a direct impact on the supply of affordable housing...

  • Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    6y

    If they limit the number of licenses, a portion of their population will be sitting in the gutters by the roadsides homeless (which is what they may want in order to increase the Federal Aid going to the city (to line the pockets of TPTB) there while perpetuating the actual problem the money is supposed to help).

     Seems like a dumb idea.

    Just my 2 cents.

  • Homeowner · Elkridge, MD · Member since 2020 · 14 posts · 2 votes
    6y

    Just another reason for me to hurry and get my real estate license. 

  • Alex FailaevPro Member
    OP
    Investor · Salisbury, MD · Member since 2015 · 121 posts · 56 votes
    6y

    Update - my understanding is that the proposed law was withdrawn. I think there was enough push back to stop it from going through this time. 

  • Investor · Colorado Springs · Member since 2016 · 234 posts · 150 votes
    6y

    That’s good news. Thanks for sharing.

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