How much rent can I charge for a given property?

The amount of rent you can charge for a given property in Massachusetts is regulated by the Landlord and Tenant Law. Generally speaking, you can charge whatever amount is agreed upon by the landlord and tenant in the lease agreement, as long as it is not deemed an “unconscionable” amount. Unconscionable rent is one that is significantly higher than the rental rate in the area, or takes an unfair advantage of the tenant. The amount of rent you can charge also depends on whether or not the property is subject to rent control or rent stabilization laws. If the property is located in a city or town with rent control or rent stabilization laws, the rent must be approved by the local governing body. Rent increases are typically limited to certain amounts outlined in state or local laws. Additionally, if the property is government subsidized, you must follow the rules outlined in the lease agreement or other regulations associated with the subsidy program. Lastly, Massachusetts Tenant-Landlord law protects tenants from excessive and/or discriminatory rent increases. In summary, the amount of rent you can charge for a given property in Massachusetts is largely dependent on the type of property, location and regulations that apply to it. Before setting a rental rate, it is important to be familiar with the applicable rental laws in your jurisdiction to be sure you are within the boundaries of the law.

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How much rent can I charge for a given property?

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