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Updated about 8 years ago on . Most recent reply

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50
Posts
19
Votes
Ryan Van Fleet
  • Laurel, MD
19
Votes |
50
Posts

Takoma Park, Md Colta

Ryan Van Fleet
  • Laurel, MD
Posted

Hello Maryland Landlords,

I currently own in a rental in Takoma Park, Md. When I started rented I didn't know anything about the rental laws or land lording. I ended underpricing the property. TP has rent control laws, which is keeping me from getting the rent up to market. 

However, they do have a vehicle called COLTA that allows the landlord to petition to raise the rent above the allowable increase. Does anyone here have experience with this, or know a lawyer/consultant that I could hire to help?

Most Popular Reply

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794
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612
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Andrew Michael
  • Lender
  • Frederick/ Falls Church DC, Maryland & Virginia
612
Votes |
794
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Andrew Michael
  • Lender
  • Frederick/ Falls Church DC, Maryland & Virginia
Replied

@Russell Brazil is probably going to be your best bet here.  I am not familiar with COLTA.  If you do get more info please keep us posted and update us on what you learn.  Hope it all works out for you!

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