New Rental Regulations Rejected
If you are a small landlord in Boston - I have great news - the Boston City Council has rejected an attempt to impose even more onerous regulations on property owners that would have cost property owners over $2 million in new fees which would have been passed along to consumers. Here is the update from the Greater Boston Real Estate Board
"The Boston City Council rejected without prejudice a proposed ordinance that would have required mandatory inspections of over 140,000 rental apartment units in Boston. This ordinance would have replaced the current requirement of inspection at the time of lease expiration. To accomplish this task the City was planning to hire at least seventeen new staff and would have assessed over 2 million dollars in new fees to owners."