Legal Question in Real Estate Law in Maryland
Rent Increase & Penalties
I have received a new residential lease form from my landlord with current effective dates 5/2000 - 10/2000. My previous lease commenced May 1999 and expired October 1999. Is the landlord required to receive from me a rental increase eventhough I was not contacted prior to October 1999?
What percentage (if standard) of late penalties above my rent can a landlord receive from me if my rent is late?
1 Answer from Attorneys
Re: Rent Increase & Penalties
After your first lease ended, you became a month-to-month tenant for the next 6 months. During that time, either party could terminate the lease by giving 30 days' notice to the other. Therefore, the landlord could say "if you want to stay after next month, the new rent will be x". You can either accept or move. Under the new lease, the same thing applies, except the new rent will be fixed until October. If you have no desire to move, why not ask for a longer lease so that you can lock the rent in longer?
As for the late fee, he's limited to 5% of the delinquent rent by Maryland law.
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