rent control

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Rent control

Municipal regulation restricting the amount of rent that a building owner can charge.

Rent Control

A local law setting maximums on the amount landlords can charge tenants on certain properties. This is done primarily to protect tenants from certain actions, such as increases in rent at the end of a lease on tenants who ask for repairs. Proponents argue that rent control gives tenants a degree of stability that would not otherwise exist. Opponents contend that rent control discourages investment in housing, reducing the quantity (and perhaps the quality) of rental housing available.

rent control

Laws that regulate the rent that can be charged for space. Rent-control laws were originally enacted as emergency measures after World Wars I and II,because many returning service personnel emigrated to urban centers.This caused housing shortages and dramatic rent increases, with a resulting increase in evictions.Today,rent control is seen as a legitimate exercise of a government's police power and usually does not require an emergency situation.The state of New York differentiates between rent-controlled apartments and rent-stabilized apartments because of the dates of differing legislation. Rent-controlled apartments are still operating under laws enacted in 1947. They require that the tenant have continuously occupied the apartment since before July 1, 1971. As those apartments vacate, they become rent-stabilized under other legislation, or they become decontrolled under some circumstances.

References in periodicals archive ?
42 has rent restrictions that establish the amount of rent that can be charged, based on the set-aside elected for the project.
Though the summary title is 'Applicability of Islamabad Rent Restriction Ordinance, 2001 to the whole of Islamabad', paragraph two of the same pleads that the act be extended to the whole of Islamabad except for Zone III and the Margalla Hills National Park.
Moreover, he presented a report on the Bill further to amend the lslamabad Rent Restriction Ordinance, 2001 [The lslamabad Rent Restriction (Amendment) Bill, 2014.
Babar Awan, Minister for Law, Justice and Parliamentary Affairs introduced the Bill of Islamabad Rent Restriction in the National Assembly on Wednesday.
Amendment) Bill 2010 -Syed Adil Anis Islamabad, October 27, 2010 (Frontier Star): Syed Adil Anis Vice President Islamabad Chamber of Commerce and Industry said that business community of Islamabad thanked the Federal Cabinet for approving Islamabad Rent Restriction (Amendment) Bill 2010, for which the business community has been doing great efforts for a long time.
ISLAMABAD, October 27, 2010 (Balochistan Times): Syed Adil Anis Vice President Islamabad Chamber of Commerce and Industry said that business community of Islamabad thanked the Federal Cabinet for approving Islamabad Rent Restriction (Amendment) Bill 2010, for which the business community has been doing great efforts for a long time.
The cabinet meeting also discussed the Islamabad Rent Restriction Bill, he said, it was suggested to provide an alternate forum to simplify and registration of rental agreements as well as reducing its fees.
ISLAMABAD, October 27, 2010 (Frontier Star) : Syed Adil Anis Vice President Islamabad Chamber of Commerce and Industry (ICCI) on behalf of the business community here on Wednesday thanked the Federal Cabinet for approving the Islamabad Rent Restriction (Amendment) Bill 2010, for which the business community was striving for a long time.
He said that the Rent Restriction Ordinance 2001 was contrary to fundamental rights and they never recognized the same.
He demanded of the president and prime minister to officially cancel Islamabad Rent Restriction Ordinance 2001 and introduce a 'just' and 'flawless' rent control act so that traders can enjoy some peace of mind.
The federal regulations include income and rent restrictions to accommodate low-income family housing.
Also, 121 of the 520 rental units will be designated affordable, with long-term income and rent restrictions, while the remaining will be market-rate, the company stated.