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Portland

Maine

City Website

Short Term Rental FAQs for Portland, Maine.

How restricted are short term rentals in Portland?

Light Restrictions

Does Portland,Maine have any regulations for short term rentals?

Must register dwelling

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

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

What are the city taxes for Portland

Maine State FAQs

Is Maine a judicial or non-judicial state?

Judicial

In a judicial foreclosure state, the lender must go through the court system in order to foreclose on a property. This process can be longer and more expensive for the lender compared to a non-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 Maine?

Attorneys conduct closings. Conveyance is by warranty or quitclaim deed. Mortgages are the security instruments. Foreclosures may be initiated by any of the following: an act of law for possession; entering into possession and holding the premises by written consent of the mortgagor; entering peaceably, openly, and unopposed in the presence of two witnesses and taking possession; giving public notice in a newspaper for three successive weeks and recording copies of the notice in the Registry of Deeds, and then recording the mortgage within 30 days of the last publication; or by a bill in equity (special cases). In every case, the creditor must record a notice of foreclosure within 30 days. Judicial foreclosure proceedings are also available. Redemption periods vary from 90-365 days depending on the method of foreclosure. Mainers use ALTA owner’s and lender’s policies and endorsements. Buyers pay closing costs and title insurance fees; buyers and sellers share the documentary transfer taxes. Property taxes are due annually on April 1st.

Property Taxes in Maine?

Annually on April 1st

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

No. Property management and rental matters do not require a real estate license.

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

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

NO. A broker's license is not required to manage community associations or condo associations in Maine.

Real Estate Broker Requirements

Real Estate Salesperson Requirements

How do property ownership transfers work in ?

Warranty 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 Star Search Engine

Energy Efficient Products: appliances, electronics, lighting, building materials, etc.

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Equipment Tax Credits for Primary Residences

Energy Star: Equipment tax credits for primary residences. Includes tax credits associated to residential energy property costs and energy efficient improvements that qualify for a tax credit. **new construction and rentals DO NOT apply must be an existing home AND their principal residence. EXPIRES December 31, 2021

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Faucet Aerators

Faucet Aerators can help conserve water by making faucets low-flow, but are better than caps because they release water evenly.

Learn More