It’s been said that this year’s book at midnight turns into the footnote in the next. That’s partially true. For landlords, property managers, and real estate practitioners, a new regulatory regime that was spawned in 2022 will be more than a footnote in the new year. Some perspective is in order.
Statewide eviction protections end but some defiant locales continue to be out of step by continuing COVID-related protections.
After COVID reared its ugly head, the public policy priority was to stabilize housing, shielding residents from eviction for non-payment of rent. Rental housing providers became the only sector in society to be told to provide a free service without compensation. As moratoriums expired, we saw extension after extension, but this came to an end in the summer of 2022.