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Malden

Massachusetts

Short Term Rental FAQs for Malden, Massachusetts.

How restricted are short term rentals in Malden?

Light Restrictions

Does Malden,Massachusetts have any regulations for short term rentals?

Remit State tax 5.7%, Local tax 6%, Community Impact Fee 3% (for owners with multiple properties in same town), $1,000,000 liability insurance

Does Airbnb automatically remit taxes for short term rentals in Malden?

Currently, Airbnb is collecting and remitting taxes on behalf of the host.

What are the city taxes for Malden

Massachusetts State FAQs

Is Massachusetts a judicial or non-judicial state?

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

As a real estate investor, it is important to understand the differences between judicial and non-judicial states because it can affect the amount of time and money it takes to foreclose on a property. It can also impact the availability of properties that are being foreclosed on and the process of purchasing those properties.

What is the process of closing on a property in Massachusetts?

Attorneys handle closings. Conveyance is by warranty deed in the western part of the state and by quitclaim deed in the eastern part. Mortgages with private power of sale are the customary security instruments. Creditors forced to foreclose generally take advantage of the private power of sale, but they may foreclose through peaceable entry (entering unopposed in the presence of two witnesses and taking possession for 3 years) or through the rarely used judicial writ of entry. Frequently, cautious creditors will foreclose through both power of sale and peaceable entry. People in Massachusetts use ALTA owner’s and lender’s title insurance policies and endorsements. Buyers pay closing costs and title insurance fees, except in Worcester, where sellers pay. Sellers pay the documentary taxes. Property taxes are payable in two installments, November 1st and May 1st.

Property Taxes in Massachusetts?

Due November 1st and May 1st

In Massachusetts, does a property management company require a real estate broker's license?

NO. Although renting and leasing activities are considered real estate activities undertaken by a real estate broker, if those activities are incidental to his or her involvement as a property manager, a real estate broker license is not required. For more information about these and other Massachusetts property management requirements and exceptions, please contact the Massachusetts Board of Real Estate Salespersons and Brokers.

Are there any exceptions to the requirement that a property manager have a broker's license in Massachusetts?

Do you need a broker's license to manage community associations in Massachusetts?

NO. A broker's license is not required to manage community associations or condo associations in Massachusetts. For questions about property management requirements in Massachusetts, please contact the Board of Registration of Real Estate Brokers & Salespersons.

Real Estate Broker Requirements

Real Estate Salesperson Requirements

How do property ownership transfers work in ?

Warranty deed and Quit claim deed.

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:
30%
of total carbon dioxide
40%
of all energy
40%
of all raw materials
Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

Energy Saving Infographic: Landscaping

This infographic goes over how landscaping choices can conserve energy and water.

Rainwater Harvesting 101

Overview of what rain harvesting is, where it is most effective, how it is most effective and more.

Save Energy With a Home Energy Audit

The Home Energy Check up by PE&G offers personalized, suggested improvements that can help you save energy and costs.