Rent Control
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Bob Miles
Apr 19, 2013, 5:40:02 PM4/19/13
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Please consider this free-reprint article written by:
Bob Miles
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Article Title: Rent Control
Author: Bob Miles
Word Count: 350
Article URL: http://www.isnare.com/?aid=147852&ca=Legal
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=147852
Easy Publish Tool: http://www.isnare.com/html.php?aid=147852
*********************** ARTICLE START ***********************
Many cities have passed ordinances restricting the amounts by which landlords can increase a tenant's rent. These local laws are generally held valid even in the face of contrary state law.
Rent control normally covers only residential housing (and not office space, shopping mallls, etc.) Since it is usually designed to assist low-income tenants, it is rarely applied to luxury housing, and sometimes does not apply to single family homes. In some cases the tenant will have to prove that the premises are his primary residence, and may be prevented from subletting the premises at a higher rent (this is to prevent rich people from renting out many properties and then subletting them out at higher rates, thus putting the government in the business of subsidizing profits for rich people at the expense of landlords).
In some cities, the landlord is entitled to raise the rent as soon as the premises become vacant - he can charge the next tenant higher rent, but cannot increase that rent as long as the same tenant lives thee. This is particularly important for cities that have rapidly increasing property values, in order to prevent people from being moved onto the street or into slums by rapidly escalating rental rates. If it causes landlords to go bankrupt, though, it can exacerbate housing problems by decreasing in investment in new housing (because of the reduced profitability caused by rent control).
The least restrictive form of rent control prevents landlords from evicting a low-income tenant simply to increase the rent - in this form of rent control, a landlord cannot refuse to renew a lease without good cause (tenant misconduct, for example), and may not raise the rent beyond a certain legal maximum. Many times this legal maximum is tied to the consumer price index (to allow the landlord to adjust rental rates to inflation).
Keep in mind that rent control laws vary from city to city, and are subject to interpretation.
DISCLAIMER: The following is intended for reference purposes only and not as legal advice.
About The Author: �Real Estate Law in Plain English� is located at http://realpropertylaw.blogspot.com. See also http://realpropertylaw.blogspot.com/2007/04/how-can-tenancy-be-terminated.html.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=147852
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Bob Miles
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=147852
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=147852
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Rent Control
Author: Bob Miles
Word Count: 350
Article URL: http://www.isnare.com/?aid=147852&ca=Legal
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=147852
Easy Publish Tool: http://www.isnare.com/html.php?aid=147852
*********************** ARTICLE START ***********************
Many cities have passed ordinances restricting the amounts by which landlords can increase a tenant's rent. These local laws are generally held valid even in the face of contrary state law.
Rent control normally covers only residential housing (and not office space, shopping mallls, etc.) Since it is usually designed to assist low-income tenants, it is rarely applied to luxury housing, and sometimes does not apply to single family homes. In some cases the tenant will have to prove that the premises are his primary residence, and may be prevented from subletting the premises at a higher rent (this is to prevent rich people from renting out many properties and then subletting them out at higher rates, thus putting the government in the business of subsidizing profits for rich people at the expense of landlords).
In some cities, the landlord is entitled to raise the rent as soon as the premises become vacant - he can charge the next tenant higher rent, but cannot increase that rent as long as the same tenant lives thee. This is particularly important for cities that have rapidly increasing property values, in order to prevent people from being moved onto the street or into slums by rapidly escalating rental rates. If it causes landlords to go bankrupt, though, it can exacerbate housing problems by decreasing in investment in new housing (because of the reduced profitability caused by rent control).
The least restrictive form of rent control prevents landlords from evicting a low-income tenant simply to increase the rent - in this form of rent control, a landlord cannot refuse to renew a lease without good cause (tenant misconduct, for example), and may not raise the rent beyond a certain legal maximum. Many times this legal maximum is tied to the consumer price index (to allow the landlord to adjust rental rates to inflation).
Keep in mind that rent control laws vary from city to city, and are subject to interpretation.
DISCLAIMER: The following is intended for reference purposes only and not as legal advice.
About The Author: �Real Estate Law in Plain English� is located at http://realpropertylaw.blogspot.com. See also http://realpropertylaw.blogspot.com/2007/04/how-can-tenancy-be-terminated.html.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=147852
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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