Rental properties that are rented for 30 nights or fewer at a time on a hosting platform, which includes real estate brokerage sites, must be registered with the Rhode Island Department of Business Regulation (DBR). A new law S2410Aaa.pdf (rilegislature.gov) will require the changes to the registration to take effect on January 30, 2025.
Starting on January 1, 2025, a new law will make it easier for tenants to understand the full cost of a rental. Rhode Island Public Laws 308 and 309, which are identical, will require a landlord to disclose all fees to a tenant as part of a written rental agreement or a separate disclosure if there is no written rental agreement. The fees must be mentioned in the same section as rent.
On October 17, 2024, the Rhode Island Association of REALTORS® sent updates that incorporate these changes to the forms vendors. Keep in mind that different forms vendors post updates at different times.
Warwick, R.I. – October 17, 2024 – The median price of single-family homes sold in September climbed 6.6% year-over-year, continuing a trend in Rhode Island that began in February 2017. The Rhode Island Association of Realtors reported sales statistics today showing that last month’s median sale price of $485,000 was $30,000 higher than September 2023.