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Welch Group warns landlords could face large liabilities after appellate decision; lawmakers consider bills to unlock housing funds
Summary
A Welch Group representative told the Madison Common Council Executive Committee on July 1 that lawmakers are working on housing bills to unlock developer funding and that an appellate court decision called the “Cobley” case could expose landlords to retroactive rent-recovery liabilities if a lease contains an illegal provision.
A Welch Group representative told the Madison Common Council Executive Committee on July 1 that lawmakers are working on a suite of housing measures, and warned that an appellate court decision — identified in the briefing as the “Cobley” case — could expose landlords to large rent-recovery liabilities if a lease contains an illegal provision.
Why it matters: council members were told the court interpretation could threaten small landlords and reduce available housing stock if owners face large retroactive liability for past rents. At the same time, the Welch Group said legislative…
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