What is Rent Control?

Rent control is a government policy that aims to regulate and limit the amount landlords can charge for rent on properties. This policy is put in place to prevent rent prices from rising too high and making housing unaffordable for tenants.

How Does Rent Control Work?

Under rent control, landlords are required to adhere to certain rules and regulations set by the government regarding rent prices. These regulations typically limit the amount that landlords can increase rent each year. Additionally, some rent control policies may also include provisions for just cause eviction, which means landlords can only evict tenants for specific reasons.

Impact on Tenants and Landlords

Rent control can have both positive and negative effects on tenants and landlords. For tenants, rent control provides stability and affordability in housing, ensuring that they are not subject to sudden and drastic rent increases. On the other hand, some landlords argue that rent control limits their ability to generate income from their properties and may discourage investment in rental housing.

Rent control is a tool used by governments to address housing affordability issues by regulating rent prices and protecting tenants from excessive increases. While rent control can provide stability for tenants, it is important to carefully consider its implications for both tenants and landlords to ensure a balanced and sustainable housing market.