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 Rent-control laws were originally enacted as emergency measures after World Wars I and II,because many returning service personnel emigrated to urban centers.This caused housing shortages and dramatic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 estimated that about 70% of private tenants claiming housing benefit under these rules have their eligible rent restricted to a lower amount than their actual rent as a result of either the unreasonable rent rules or the rent ceilings or both (Kemp et al, 2002).
In the pathfinder areas, the allowance is based on the rent ceilings that are used in the existing scheme and which fix the maximum amount of housing benefit.
This dichotomy is perhaps most apparent in relation to their opposition to the policy of rent ceilings.
But, for several years, the CHA has had rent ceilings in place that were far lower than market rate prices.
Since 1990, the CHA had been granted temporary permission by HUD to set rent ceilings.
Anti-inflation measures, such as rent ceilings and wage and price freezes, were put into effect as the nation settled down to the grim business of war.
Although continued rent controls imposed a brake on the rate of increase in shelter costs, periodic relaxation of rent ceilings clearly intensified rent burdens.
Capped rent ceilings coupled with stratified new resident admission preference will protect all segments of the low income spectrum and will give public housing the income its needs to reach its financial goals.