There is a rent check in the works and it looks as if the Boston City Council desires a relocation of landlord fees to tenants when buildings are improved to for-sale units.
According to City Councilor Josh Zakim, “Fees would increase from $5,000 to $10,000 for elderly, disabled and low-income tenants, and from $3,000 to $6,000 for others, to bring them in line with increased housing costs since their adoption in 2004.” [Herald]
We should expect the price plunge to occur within the next year…at least this means the demand is high!
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