Landlords that have mortgages provided by Fannie Mae and Freddie Mac will soon be required to send a 30-day notice before they can hike rent prices or evict tenants, the Federal Housing Finance Agency has announced announced. The new rule will also require a five-day notice regarding tardy rental payments.
The changes will take effect in February 2025. They will apply to new originations and refinancings.
Source: GSE-Backed Apartments Now Require New Rental Protections
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