Landlords in Massachusetts are facing new challenges due to a recently passed law that allows tenants to seal certain eviction records. This change significantly impacts the ability to screen tenants and could lead to increased risks for property owners.
Key Changes to the Law:
- Tenant Rights Expanded: Tenants can now petition to seal eviction records under specific circumstances.
- Landlord Challenges: Landlords may need to provide more evidence to challenge a tenant's eligibility.
- Credit Reporting Changes: Credit reporting agencies may be less likely to include eviction records in reports.
What This Means for Landlords:
- Increased Screening Difficulty: Relying solely on eviction records as a screening tool is no longer reliable.
- Potential for Higher Risks: There may be an increased chance of accepting tenants who pose a higher risk of rent default or property damage.
- Need for Adaptability: Landlords must adapt their screening processes to include a wider range of criteria.
How to Mitigate Risks:
- Strengthen the Screening Process: Focus on rental history, income verification, and reference checks.
- Thorough Tenant Interviews: Conduct detailed interviews to assess tenant suitability.
- Consider Additional Security Deposits: Evaluate the possibility of increasing security deposits to protect your investment.
- Stay Informed: Keep up-to-date on legal changes and industry best practices.
This new law presents significant challenges for landlords in Massachusetts. It's essential to stay informed and adapt your property management strategies accordingly.
MPM is committed to helping landlords navigate these changes. Contact us to discuss how we can assist you in protecting your investment and finding qualified tenants.
This article incorporates insights from an article by Richard Verstein on the new eviction sealing law.
