A new law in Montgomery County, Maryland requires that the owner of property in a condo, coop or HOA must be current in payment of association assessments in order to obtain a County rental license to lease the property. As part of the application for a rental license beginning June 16, 2015, an owner must certify that the assessments are no more than 30 days past due.
Additionally, the County may deny, suspend, revoke or refuse to renew a housing rental license if the board of directors of the condo, coop or HOA submits a recorded statement of lien or unpaid court judgment as proof of unpaid association assessments.
Prince George’s County and Howard County have similar laws linking payment of association assessments to the issuance and revocation of a rental license.
POSTED BY: Thomas Schild Law Group, LLC, www.schildlaw.com.