Fannie Mae introduces new tenant protections, including a 30-day notice for rent increases and 5-day grace period for late rent payments, effective Feb 28, 2025.
Fannie Mae has introduced new tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac, with the Enterprise Multifamily Lease Standards Policy, effective from February 28, 2025. The policy requires a 30-day notice for rent increases and lease expirations, a 5-day grace period for late rent payments, and applies to new loans from this date. This move supports housing stability and increases access to affordable and sustainable housing.
August 28, 2024
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