Rent Control and Stabilization Laws

Rent control and stabilization laws are local ordinances 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 rent hikes, particularly in areas with high housing costs. Rent control typically applies to older, multi-unit buildings and restricts rent increases to a certain percentage per year, while rent stabilization may allow for higher increases but still impose some limits. These laws may also provide additional protections for tenants, such as just cause eviction requirements and the right to renew the lease. Rent control and stabilization laws are controversial and vary widely by jurisdiction, with some states prohibiting or preempting local rent regulation.