Beginning July 1, 2023 through June 30, 2024, the Rent Stabilization Allowance is 3.7%. Landlords are required to comply with Takoma Park’s Rent Stabilization law and cannot increase the rent on occupied units any higher than this allowance.
Multi-family rental units and rental condominium units are subject to Rent Stabilization. Rent increases are limited to the percentage change in the Consumer Price Index published by the Department of Bureau of Labor Statistics for the period of March 2022 through March 2023.