Rent control is a government policy that sets limits on the amount landlords can charge for rent on residential properties. This is often done in an effort to make housing more affordable for low-income individuals and families. However, rent control can also have negative effects on the housing market, such as reducing the supply of rental units and discouraging investment in new housing developments.
Rent control is a government policy that limits the amount landlords can charge for rent.
Rent control typically sets a maximum allowable rent increase each year, and may also limit the reasons for which a landlord can evict a tenant.
Rent control laws vary by state and city. Some cities with rent control include New York City, San Francisco, and Los Angeles.
Eligibility for rent control varies by city and may depend on factors such as the age of the building or the tenant’s income.
Landlords may be able to raise rent under rent control, but the increase is typically limited to a certain percentage each year.
Landlords may be able to evict tenants under certain circumstances, such as non-payment of rent or violation of the lease agreement. However, rent control laws may limit the reasons for which a landlord can evict a tenant.
Tenants may be able to challenge rent increases under rent control if they believe the increase is unjustified or exceeds the allowable limit.
Penalties for violating rent control laws vary by city and may include fines or other legal consequences.
Landlords may be able to opt out of rent control by converting their rental property to a different use or by selling the property.
Tenants can typically find out if their rental unit is covered by rent control by contacting their local housing authority or tenant advocacy group.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
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