Landlord and Tenant - Investor-Owned Single-Family Rental Property - Landlord Requirements

HB 1460 (Landlord and Tenant - Investor-Owned Single-Family Rental Property - Landlord Requirements) limits rent for investor-owned single-family rentals (defined as properties owned by individuals with two or more rental properties in Maryland). It sets a maximum rent at 120% of either the federal fair market rent for the area or the home’s last sale price divided by 12, and prohibits landlords from charging more than documented utility costs or $100/month in mandatory fees. Landlords must disclose the fair market rent, last sale price, and maximum allowable rent to tenants before lease agreements, and the state must maintain a public registry of these landlords. Violations can result in fines up to $10,000, license suspension, or tenant lawsuits seeking triple damages. The bill takes effect January 1, 2027.