Brattleboro approves rent security deposit “cap” - Brattleboro Reformer

Monday Burlington voted for “just cause” eviction only. Tuesday, Brattleboro selectboard voted to limit security deposit to the amount of the first month’s rent. One landlord said this new ordinance would make him “super picky.” An artificially-produced rent increase in the making?

"There are better tools to address these barriers of entry," Wessel said at the board meeting held remotely Tuesday, where there was talk of possibly partnering with Southeastern Vermont Community Action to establish a landlord risk mitigation fund similar to existing programs and an announcement that the town will receive grant funding for a consultant to conduct a study on housing needs in the community. Wessel also worried the ordinance might make landlords raise their rates and add more scrutiny to their screening processes. McLoughlin said it could "crush" landlords working on smaller margins."



Read the Full Story at:



(click logo to be directed to the story)

 

Comment Below... And find more stories on Water Cooler


Showing 1 reaction

Please check your e-mail for a link to activate your account.
  • David Flemming
    published this page in The News 2020-12-16 16:36:16 -0500