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 Rent-control laws were originally enacted as emergency measures after World Wars I and II,because many returning service personnel emigrated to urban centers.This caused housing shortages and dramatic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 ?
causing the economy of a rent controlled market to experience far less economic stimulus by private enterprises which in turn affects thousands of jobs.
In rent controlled environments, rental apartments are often occupied by tenants who "got lucky" by moving in when rent controls were first initiated, but who, years later, don't need a subsidized living arrangement.
The cost to the taxpayers of rent subsidy for those in rent controlled apartments amounts to hundreds of millions of dollars.
According to the 1996 Housing and Vacancy survey, there are 70,572 rent controlled apartments, constituting 3.
In the case of rent controlled tenants, the loss of "essential services" - which includes the undefined "living space" - could call for a reduction in the maximum bass rent calculation.
Since Governor George Pataki mentioned a $50,000 cutoff figure for incomes as one possibility he was considering for deregulation last week, those making over that amount total 230,789 families in rent stabilized apartments and 8,423 in rent controlled apartments.
The principal documentary evidence introduced by the deceased tenant's family members was a rent controlled fuel adjustment form from the 1970's, which bore the name of the tenant's brother, and three money orders; one of which had the nephews name written on it, and the other two bearing the nephew's first name initial, followed by the same last name as the prime tenant.
This "magic date" was established by the 1971 Vacancy Decontrol Law, which provides that a Rent Controlled apartment that is vacated on or after July 1, 1971 is decontrolled.
Recently, Turkel helped win a challenge made by the sponsor of a cooperative building, and slowly, more owners have been able to achieve hardship increases, particularly for rent controlled units.
And unfortunately, more co-ops have taken on the direct ownership of rent stabilized and rent controlled units.
and a vice president of the Community Housing Improvement Program (CHIP), another owners' organization, owns and manages 300 stabilized apartments, a number that includes about 25 rent controlled units as well as co-ops in Queens and Washington Heights.
This aspect of the law applies to both rent Stabilized and rent controlled apartments.