Category Archives: In the News

URGENT: Have you registered? New Inspection Deadline for Property Owners or $300 Fine

If you are a property owner of private rental units, you're facing a $300 fine if you don't comply with Boston's new Rental Inspection Ordinance. In an effort to ensure safe and healthy housing for tenants across Boston’s approximate 162,319 rental units, the City implemented a mandatory rental inspection program – which has a registration deadline of August 1, 2013.

Most notably, Code Ordinance CBC 9-1.3 requires that property owners register units annually, visibly post contact information for tenants, and have inspections at least once every five years. The new changes aim to move the inspection trigger from tenant complaints, which currently account for 98% of inspections, to a proactive and preventive approach by property owners. To motivate property owners to comply with the new inspection program, non-compliance will result in a $300 fine per month and a point on a “Chronic Offender” point system. The ordinance establishes a publicly available “Chronic Offender Registry” that will record landlords who regularly fail to correct problems.

In addition to promoting safety for tenants and the community, the new ordinance provides benefits to property owners as well. These benefits include transparency, information sharing, and communication with the City. The registration database will be online and provide an efficient way to inform Landlords of resources, Fair Housing Laws, and other relevant topics.

What You Need to Know About the Rental Inspection Ordinance

Who the ordinance applies to:

  • Property owners of private rental units

Important Dates:

  • Registration opens May 1st 2013 and ends August 1st 2013
  • Inspection will be conducted on a 5-year cycle beginning January 2014

Property Owner Requirements:

  • Register rental units on an annual basis
  • Provide contact information and the number of units at each address
  • If the owner is outside of Massachusetts, he/she must contract with a Boston based agent
  • Attest to and affirm his/her obligation to comply with this ordinance, the state sanitary code, state building code, Boston Zoning Code, and federal, state and local fair housing regulations
  • Visibly post contact information for tenants
  • Have rental units inspected at least once every five years by: an The fee works like this: if you don’t have good health insurance companies in 2014 or obtain an exemption, you get charged a fee for every month you don’t have good health insurance companies on your year-end MAGI taxable income. Inspectional Services Housing Inspector, a Section 8 Inspector or an Inspectional Services Department (ISD) trained and approved private inspector
  • If a new rental unit is acquired, the property owner must file an acceptable plan with ISD that identifies any code violations and provides a plan to bring the newly acquired rental units into compliance with housing standards

Registration Fees:

  • Initial Registration: $25 per rental unit. (Fees are capped at $2500 maximum per building; and $5000 maximum per complex – 2 or more buildings on same parcel)
  • Renewal Registration: $15 per rental unit

Inspection Fees:

  • 1-3 Units: $50 per rental unit
  • 4 or More Units in the Same Building: $75 per rental unit
  • Condominiums: $75 per rental

How to Register:

Fines and Penalties:

  • A fine of $300 per month
  • 1 point in the 'Chronic Offender' point system

More Information Regarding the City of Boston's Rental Inspection Ordinance:

So… How’s the Market?

The 2012 spring sales market kicked off with a bang and has been going strong all spring! The pent-up demand from buyers searching for a new home or investment, combined with the historic low interest rates (as low as 3.75%), have combined to produce a very strong sellers market here in Boston.

Last year’s spring market was very strong as well with 486 total sales closings taking place between January and the end of May in the neighborhoods of Back Bay, Beacon Hill, South End, Midtown, North End, Waterfront, Fenway, and . However this year during the same period, and in the same neighborhoods, there has been a 19.5% increase which brings the number to 581 condos sold!

The other sales statistics such as number of days on the market, average sale price, and percentage of selling price to listing price has basically remained steady compared to last year. The increases in sales numbers by neighborhood were fairly consistent across the board. The number of condos sold in the Back Bay increased from 131 in the spring of 2011 to 165 this spring. In Beacon Hill the volume increased from 220 up to 237. In the South then the numbers increased from 149 to 184 and in the Fenway sales moved up from 46 to 53. If you would like to check out the details of the sales market comparisons please click on these links for the report.

Sales Jan thru May 2011

Sales Jan thru May 2012

Without a doubt the most alarming price increases have come on the rental market! I am continually shocked each year by the steady increase in rental prices being captured by apartment and investment condominium owners. This year however prices across the board have skyrocketed. Although it has been difficult for owners of some larger units with four or more bedrooms to fill quickly, the rest of the rental market has been leasing incredibly fast! The supply of available apartments for September 1 has been gobbled up quickly by incoming students and medical professionals. Many of the largest universities in Boston have dramatically increased their enrollments but have not yet added additional housing units. Several universities including the Berklee College of Music and Northeastern University, are in the process of constructing new dormitories that should be online in late 2013. Additionally several area hospitals have greatly increased their size by adding new facilities which is also added significantly to the demand for rental housing.

Welcome to the NEW Fenway Properties website!

Hello Friends, Clients, and Neighbors,

So much has been happening recently at Fenway Properties. First of all, we just officially changed our company name to Fenway Properties! We had been operating as Boston Choice Properties since 1998! We felt that since our office is the only full-service real estate office and property management services in the West Fenway, why not brag about what we do in our company name?

While we still service the entire greater Boston and Brookline area, we have found that much of our business is located right near our office at 125 Jersey St. The Fenway, Longwood Medical, and Kenmore neighborhoods are no longer the ugly stepchild of the Back Bay and Brookline! Quite the contrary in fact!. Our neighborhood has blossomed almost overnight into one of the most vibrant, exciting, diverse, and culturally interesting neighborhoods in the city! And the best is yet to come. Over the next several years, the West Fenway/Kenmore neighborhood will have over $4.5 billion (yes, billion) invested in it by public and private sources that will greatly expand the neighborhoods already impressive array of hospitals,

educational institutions, retail, hotels, restaurants, shopping, parks and open spaces! Keep your eyes open it's all going to happen very quickly.

And thank you for visiting our

brand-new website! I hope you like the look and feel of it as we put a lot of work into it over the past six months. Please let us know what you think. Your feedback is greatly appreciated. We are making a concentrated effort to keep the site fresh, up-to-date, easy to navigate, and informative. We hope you visit our site often to stay informed of all the latest news and developments in the neighborhood, as well as to educate yourself by reading our real estate related articles. This blog will focus on the current prices and trends in the sales and rental market as well as any new laws or events that may affect our readers. We look forward on your replies back to our blogs so we can engage in lively conversation and learn what's important to you. Oh yes, please stop into our newly remodeled offices at 125 Jersey St. and say hello neighbor!