Renters’ Rights Stabilization Act of 2024

Renters’ Rights Stabilization Act of 2024

The Renters’ Rights Stabilization Act of 2024 went into effect on October 1, 2024, with the goal of protecting Maryland renters who are experiencing housing instability. While the Act intends to protect Maryland tenants, it also impacts landlords and developers managing residential and commercial properties. These consequences have sparked criticism and concern that the Act will create an unfriendly market for property owners. Will the statute counter efforts to increase the supply of affordable housing for the renters it’s intended to serve?