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 Rent-control laws were originally enacted as emergency measures after World Wars I and II,because many returning service personnel emigrated to urban centers.This caused housing shortages and dramatic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 ?
It has been recommended to the government for increase in house rent ceiling of public sector employees and hopefully sixty five percent would be finalised from the next financial year, he added.
It will remove artificial as well as the real demand for housing created by increased rent ceiling for a given basic pay scale.
Existing housing stock should be disposed off as and when these are beyond repairs and with the sale proceeds a separate fund be created over the years out of which houses rent ceiling be paid, he added.
The minister said that it was a big achievement of the government to enhance house rent ceiling of the FG employees and added that soon it will be increased.
Civitas said that exceptions to rent ceilings could be made in cases where a property has genuinely been improved.
ceilings to be introduced to tackle an "affordability cricost Civitas' proposals for rent ceilings to be introduced to tackle an "affordability crisis" were welcomed by Plaid Cymru.
Civitas' proposal for rent ceilings to be introduced to tackle an "affordability crisis" has received an enthusiastic welcome from Plaid Cymru.