Rent regulation
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(Redirected from Rent control)
Rent regulation or rent control is a system of laws that helps control the cost of rent and stops landlords from increasing the rent too much to their tenants or people living in their buildings. Rent control involves:[1][2][3][4][5]
- Price controls, puts limits on the rent that a landlord may charge, typically called rent control or rent stabilization
- Eviction controls: controls how a landlord can kick someone out of their building
- Making sure landlords keep their buildings well kept and suitable for living
- A system of oversight and enforcement by someone other than the landlord.
References
[change | change source]- ↑ Baumol, William J; Blinder, Alan S. (1994). Economics Principles and Policy (6th ed.). Dryden Press. pp. 92–93, 379. ISBN 0-03-098927-2.
- ↑ Cooter, Robert; Ulen, Thomas (1997). Law and Economics 2nd Edition. Addison-Wesley. pp. 32–33.
- ↑ David A Besanko; Ronald R. Braeutigam (2008). "10.5". Microeconomics (3rd ed.). Hoboken, New Jersey: John Wiley & Sons. pp. 374–377. ISBN 978-0470-04924-2.
- ↑ B. Douglas Bernheim; Michael D Whinston (2008). Microeconomics (1st ed.). McGraw-Hill Irwin. p. 565. ISBN 978-0-07-290027-9.
- ↑ Mankiw, N. Gregory (2015). Principles of Economics. Boston, MA: Cengage Learning. pp. 31. ISBN 978-1-305-58512-6.
Propositions about Which Most Economists Agree: ... A ceiling on rents reduces the quantity and quality of housing available