Rent regulation: Difference between revisions
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The classic objective is to limit the price that would result from the market, where an [https://en.wikipedia.org/wiki/Inequality_of_bargaining_power inequality of bargaining power] between [https://en.wikipedia.org/wiki/Landlord landlords] and [https://en.wikipedia.org/wiki/Leasehold_estate tenants] produces continually escalating prices without any stable [https://en.wikipedia.org/wiki/Market_equilibrium market equilibrium]."<br/> - Wikipedia, "Rent regulation." |
The classic objective is to limit the price that would result from the market, where an [https://en.wikipedia.org/wiki/Inequality_of_bargaining_power inequality of bargaining power] between [https://en.wikipedia.org/wiki/Landlord landlords] and [https://en.wikipedia.org/wiki/Leasehold_estate tenants] produces continually escalating prices without any stable [https://en.wikipedia.org/wiki/Market_equilibrium market equilibrium]."<br/> - Wikipedia, "Rent regulation." |
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== <br/> Price regulation variant forms == |
== <br/> Price regulation variant forms == |
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##change based on political/regulatory decision, e.g. municipal Rent Board decision.<br/> ''[when permitted rent change is adjustable this way, and/or it is unregulated upon vacancy, the system is sometimes called 'modern' or 'second-generation' rent controls.]'' |
##change based on political/regulatory decision, e.g. municipal Rent Board decision.<br/> ''[when permitted rent change is adjustable this way, and/or it is unregulated upon vacancy, the system is sometimes called 'modern' or 'second-generation' rent controls.]'' |
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##possibly (and typically), other changes are permitted by landlord petition or e.g. to "pass through" expenses such as tax increase or renovation costs. |
##possibly (and typically), other changes are permitted by landlord petition or e.g. to "pass through" expenses such as tax increase or renovation costs. |
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#Control of permitted rent change during change of tenant |
#Control of permitted rent change during change of tenant |
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##same as within a tenant's tenure, in one of the ways above.<br/> '' [sometimes referred to as 'strong' rent control]. '' |
##same as within a tenant's tenure, in one of the ways above.<br/> '' [sometimes referred to as 'strong' rent control]. '' |
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##unregulated, i.e. "resets to market rate," aka there is ''vacancy decontrol. '' |
##unregulated, i.e. "resets to market rate," aka there is ''vacancy decontrol. '' |
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#Regulation of which and when units may fall under or exist price regulation. Price regulation may apply: |
#Regulation of which and when units may fall under or exist price regulation. Price regulation may apply: |
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##Only to units built before a certain date; and/or |
##Only to units built before a certain date; and/or |
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##Only to units in buildings that reach a certain age (see "Deferred rent stabilization" below). <br/> ''[This is uncommon (unknown?) in practice but often proposed].'' |
##Only to units in buildings that reach a certain age (see "Deferred rent stabilization" below). <br/> ''[This is uncommon (unknown?) in practice but often proposed].'' |
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##Only to units in buildings above a certain size. |
##Only to units in buildings above a certain size. |
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##not when a building is allowed to exit regulation for specified reasons: |
##not when a building is allowed to exit regulation for specified reasons, possibly including: |
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###owner move-in. (as permitted by the "Ellis Act" in California). |
###owner move-in. (as permitted by the "Ellis Act" in California). |
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###conversion of unit from rental to ownership housing (e.g. "condo conversion"). |
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###when unit rent increases above a certain point. (called "luxury decontrol" in NYC rent stablization law). |
###when unit rent increases above a certain point. (called "luxury decontrol" in NYC rent stablization law). |
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###landlord buy-out of tenant. |
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###demolition |
###demolition |
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###condemnation (?) |
###condemnation (?) |
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