Rent Control and Stabilization
Rent Control and Stabilization
Rent control and stabilization laws are regulations that limit the amount and frequency of rent increases for certain rental properties. These laws are designed to preserve affordable housing and protect tenants from excessive or unreasonable rent hikes. Rent control typically applies to older, multi-unit buildings and restricts rent increases to a specified percentage or amount each year. Rent stabilization laws may also provide tenants with additional rights, such as the right to renew their lease or the right to challenge rent increases that exceed the legal limits. The availability and specific provisions of rent control and stabilization laws vary widely by jurisdiction, and tenants should consult with local housing agencies or tenant advocacy groups to determine if they are covered by these protections.