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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##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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