Rockville has approved a cap on rent increases, which will stay in effect until 181 days after the COVID-19 state of emergency ends.
The Rockville City Council on April 12 unanimously approved the cap at 1.4%.
Usually, the cap for landlords is voluntary, but it’s a mandatory limit during the pandemic.
Every year, the city sets a voluntary cap for rent increases. In 2020, it was set at 2.6%.
After the pandemic began, the City Council enacted a rent freeze to temporarily prohibit any rent increases from mid-May through July 31. Starting on Aug. 1, the voluntary cap of 2.6% became a mandatory cap for rent increases.
The latest rate of 1.4% is based on the Consumer Price Index for market-rate rental housing for the 12-month period ending in December 2020.
Montgomery County also placed a temporary rent cap on residential leases in April last year. It keeps residential landlords in Montgomery County from increasing rent more than 2.6% during the coronavirus pandemic, until 180 days after the state of emergency ends.
The county decreased its maximum increase to 1.4% on Feb. 5.
Briana Adhikusuma can be reached at email@example.com.