rent control

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Related to Rent Restrictions: rent control

rent control

regulation by law of the rent a landlord can charge for domestic accommodation and of his right to evict tenants.
References in periodicals archive ?
Rockefeller said the rent restrictions were limiting housing construction, and that he signed the law to "deal with housing problems severely worsened by rent control itself," the New York Times reported.
Preservation Coordinator Franklin Campos monitors buildings with expiring covenants and ensures that owners who plan to end rent restrictions give the city and tenants a legally-required one-year notice.
42 and also sets the maximum allowable area median gross income (AMGI) for the determination of income and rent restrictions.
Almost everywhere else in Europe has controls over rent - there are even rent restrictions in New York,"" he said.
If the agency is unable to find a buyer within 12 months, the owner has an option to terminate the LURA and sell as free market property, which is potentially more valuable without any rent restrictions, Taylor says.
During this decontrol time, the rent restrictions remain in place for existing tenants; however, new tenants may be charged market rates.
Without tenant protection requirements, tenants in over 101,000 units that do not receive rental assistance may have to pay higher rents or move when the HUD mortgages on these properties mature and rent restrictions are lifted.
Assessment of low-income housing must consider rent restrictions on the property
Most developers would opt out of the rent restrictions and seek higher-income tenants who could pay more in rent," explained Ron Orgel, Phoenix Realty Group (PRG) managing director.