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 Rent-control laws were originally enacted as emergency measures after World Wars I and II,because many returning service personnel emigrated to urban centers.This caused housing shortages and dramatic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 and also sets the maximum allowable area median gross income (AMGI) for the determination of income and rent restrictions.
Regarding the solution of rental law controversy in Islamabad, he said rent restriction act is in Parliament and for its passage, ICCI should meet the representatives of all the political parties as PPP is not in majority.
If the tenant moves out before then, the rent restriction remains intact.
Art critic and social philosopher John Ruskin alone can be credited with thinking up Green Belts, Smokeless Zones,free schools, free libraries, rent restriction legislation and town planning.
The demonstration led directly to his introduction of the Rent Restriction Act, the first law of its kind in Europe, freezing rents at pre–war levels.
She pledged that she would play her role in enacting a balanced Rent Restriction Act for Islamabad.
The committee also discussed Islamabad Rent Restriction (amendment) bill, 2010.
Babar Awan, Minister for Law, Justice and Parliamentary Affairs introduced the Bill of Islamabad Rent Restriction in the National Assembly on Wednesday.
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.
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.
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.
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.