Rent control

Rent control is a system of laws, administered by a court or a public authority, which aims to ensure the affordability of housing and tenancies on the rental market for dwellings. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent regulation or rent stabilization Eviction controls: codified standards by which a landlord may terminate a tenancy MB_Law 1 Rent Control Laws cannot exist without a coinciding Eviction Control ordinance. The reason being is that if a landlord has a tenant in a rent controlled unit who is paying below market rent, he/she is financially motivated to simply evict the tenant and reset the rent to market rate under the Costa Hawkins Act. Therefore Eviction Control is necessary in order to preserve Rent Controlled tenancies. SFChronicle_RC_1 1 If a city only limited rent increases, landlords could simply evict tenants when their lease is up and charge the next one market rates. Two state laws place some limits on both rent control and eviction control. The Costa-Hawkins Rental Housing Act exempts multifamily apartments built after 1 February 1995 — and all single-family homes and condos, whenever built — from limits on rent increases. Costa-Hawkins does not prevent cities from imposing eviction controls on any type of rental housing — including single-family homes and apartments of any age. [This source and quote is included to clarify the difference between rent control and eviction control, and that eviction control laws can (and do) exist separately from and without rent control laws, whereas the converse is not true.] Obligations on the landlord or tenant regarding adequate maintenance of the property Quotes In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing. Walter Block in Rent Control We'll end the two-tiered rental market, bringing back rent control to all rental homes across Ontario and providing much-needed stability to renters who can prepare for smaller, more predictable rent increases," the platform states. Rent control, building more housing key promises as Ontario Liberals unveil platform] (Mon, May 9, 2022, 7:15 AM·3 min read) External links Category:Economics Category:Real estate