There’s both good and bad news—new rental regulations will take effect at the end of January 2025. Don’t panic! Let’s quickly go over the key changes:

  1. Pets now have a place! By the end of 2025, landlords can’t just refuse tenants with pets. However, you can charge a pet deposit to cover potential “paw print” damage. If you don’t want pets, you need a valid reason, like: “This golden retriever is too big for our house.” But saying “I don’t like cats” won’t be enough! The goal of this rule is to encourage landlords and tenants to have a good conversation and prevent rejection without a reason.
  2. No more “no reason” terminations—good news for landlords! Starting January 30, 2025, if needed, you can give tenants 90 days’ notice to move out without needing to collect evidence. It’s an easier way to end a lease with less hassle.
  1. Tenants move out faster, new ones move in faster! The notice period for tenants to give when moving out is shortened from 4 weeks to 3 weeks! This means tenants can move out quickly, and new tenants can move in just as fast. This change gives both landlords and tenants more flexibility.
  2. Fixed-term leases are really fixed now. For years, fixed-term leases would automatically turn into periodic leases unless renewed. Now, when a fixed-term lease ends, landlords can ask tenants to move out, giving more control back to the landlord.

So, what does this mean for landlords?
These new rules come with both challenges and benefits. For example, the “pet rule” might make tenants happier, but the “no reason termination” gives landlords more flexibility. Overall, these changes are aimed at making the rental market fairer and improving cooperation between landlords and tenants.

Are you ready for these changes?