Legal Question in Real Estate Law in Maryland
Good Morning
I am a salon owner who has booth renters. I have a booth renter who signed a renters agreement March 28,2011. She has not had any rent increase. In the contract does not state anything about increase or going month to month after the first year, As long as I give her 30 to 60 days notice can I raise her rent?
1 Answer from Attorneys
There are a number of different types of legal entities that can be used for a business structure under MD law. There are many variables and fact-specific issues (business law, tax, etc.) that need to be carefully worked through to properly form the business under Federal and MD law and to document the relationship with 3rd parties, protect the business assets, provide limited liability protection for the business owners/participants, etc. An experienced business law/tax attorney should be able to handle this under Federal and MD law. Please note that my legal services are available only with a signed engagement agreement in accordance with the Maryland Rules of Professional Conduct applicable to attorneys licensed in the state of MD. If I can be of any help to you, contact my offices as I would be pleased to provide legal/tax support.
Sincerely,
Bob Beatson, 9-15-2017, 5:10 p.m. EST
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Law Offices of Robert Beatson, II
9818 Glynshire Way
Potomac, MD 20854
Email: [email protected]
Website: www.beatsonlaw.com
Licensed to practice law in DC, MD, VA, and NY
ABA Member since 1980
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