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 Rent-control laws were originally enacted as emergency measures after World Wars I and II,because many returning service personnel emigrated to urban centers.This caused housing shortages and dramatic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 ?
The landlords' "logic" runs something like this: If a city is rent controlled, landlords won't invest in their properties because there's not much profit to be made.
Under Mayor Koch, it took about three weeks to find out the legal rent for a rent controlled apartment.
An advertisement in a recent issue of New York magazine showed one strategy for landing a rent controlled apartment: huge finder's fees.
The property contains approximately 74 units--59 of which are rent stabilized and 14 that are rent controlled.
The RTC had attempted to use its powers granted by Congress to repudiate leases and to evict non-purchasing tenants who had rent stabilized and rent controlled leases in the non-eviction plan condominium.
Owners should determine if their tenants are rent controlled, old stabilization law or ETPA now, so if and when there is a change in the ETPA, or the law sunsets and is not renewed in some fashion over the following few weeks, they will know what is legally acceptable for each tenant.
An Appellate Division has unanimously agreed with an owner's group that the Division of Housing and Community Renewal (DHCR) has wrongly calculated rent increases for rent controlled tenants.
It's almost impossible to get rent stabilized tenants to move, they say, even with recent changes to policies, and as for rent controlled tenants, well, more than one Midtown skyscraper is cantilevered over a crusty old tenement.
In fact, using incomes from 1995, the HVS found 339 tenants paying $500 to $999 a month who make more than $250,000 and live in rent controlled units.
The new figures show that 3,137 rent controlled tenants and 53,590 rent stabilized tenants have incomes of over $100,000, buoying long-held owner beliefs that many tenants are being unfairly subsidized by building owners.
The poor pay 50 to 60 percent of their income for rent controlled or stabilized units and in my mind that's disgraceful.