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Notice of Option for Recording Maine Form

Notice of Option for Recording Maine Form

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good evening and thanks for being with us I'm Brian yacono Amanda has the night off to start this half hour we are going to take a deep dive into housing in Maine from renters and buyers to people experiencing homelessness like most things the cost of renting has gone up in Maine but mainers now have a little more peace of mind Governor Janet Mills has signed a bill into law that landlords must give their tenants more notice if they're going to increase rent News Center Maine's Ann Baldridge joins us live in studio with more about the new law and when it will start and when it will impact renters I am hi Brian this new law will go into effect on October 4th the rules now say that landlords must go from giving a 45-day notice to 75 days if the rent is going to go up more than 10 percent the amount of rent increases that have been happening for individuals have been so large that it's forced them to find more income or have to find a more affordable place

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