Permanent Rent Stabilization and Protection Act of 2024
Prince George's County has passed the Permanent Rent Stabilization and Protection Act of 2024, a law designed to protect renters from excessive rent increases while ensuring landlords can maintain their properties.
This law sets clear limits on how much rent can increase annually for most rental units (regulated units), with special provisions for senior housing and exemptions for specific types of properties. This ensures that renters are protected from unreasonable rent hikes, offering stability and predictability in housing costs.
Maximum Rent Increase
Rent increases are limited to 6 percent annually or CPI-U + 3 percent, whichever is lower.
Senior Housing
For age-restricted senior housing facilities, rent increases cannot exceed 4.5 percent or CPI-U, whichever is lower.
These limits apply only to regulated units. Review the list of exemptions below to see if the law covers your unit.
Exemptions
Under the new law, if any of the exemptions below apply, your rental unit is not regulated:
- Newly constructed units completed after January 1, 2000
- Units in medical facilities or temporary shelters owned by 501(c)(3) organizations
- Owner-occupied group houses and religious properties
- Hotels, motels, dormitories, and licensed assisted living facilities
- Owner-occupied duplexes, Accessory Dwelling Units, and certain condominiums
Frequently Asked Questions | Spanish
For Landlords
To fully understand the law’s impact on your rental business, consult legal experts for advice.
Special Considerations
The law includes provisions for:
- Banked Rent Increases: Increases carried forward from previous years.
- Capital Improvements: Limited surcharges may be allowed for major renovations.
- Fair Return: Landlords may petition for a fair return on their investment, subject to DPIE approval.
Need Help?
Whether you're a tenant looking for stability or a landlord seeking to comply with the new regulations, we're here to help.
Email: PRSAInfo@co.pg.md.us