Rent regulation: Difference between revisions

The classic objective is to limit the price that would result from the market, where an&nbsp;[https://en.wikipedia.org/wiki/Inequality_of_bargaining_power inequality of bargaining power]&nbsp;between&nbsp;[https://en.wikipedia.org/wiki/Landlord landlords]&nbsp;and&nbsp;[https://en.wikipedia.org/wiki/Leasehold_estate tenants]&nbsp;produces continually escalating prices without any stable&nbsp;[https://en.wikipedia.org/wiki/Market_equilibrium market equilibrium]."<br/> - Wikipedia, "Rent regulation."&nbsp;

 

 

 

== <br/> Price regulation variant forms ==

##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.]''

##possibly (and typically), other changes are permitted by landlord petition or e.g. to "pass through" expenses such as tax increase or renovation costs.

#Control of permitted rent change during change of tenant

##same as within a tenant's tenure, in one of the ways above.<br/> ''&nbsp;[sometimes referred to as 'strong' rent control].&nbsp;''

##unregulated, i.e. "resets to market rate," aka there is&nbsp;''vacancy decontrol.&nbsp;''

#Regulation of which and when units may fall under or exist price regulation. Price regulation may apply:&nbsp;

##Only to units built before a certain date; and/or

##Only to units in buildings that reach a certain age (see "Deferred rent stabilization" below).&nbsp;<br/> &nbsp; &nbsp;''[This is uncommon (unknown?) in practice&nbsp;but often proposed].''

##Only to units in buildings above a certain size.&nbsp;

###owner move-in. (as permitted by the&nbsp;"Ellis Act" in California).&nbsp;

###when unit rent increases above a certain point. (called "luxury decontrol" in NYC rent stablization law).&nbsp;

###demolition

###condemnation (?)&nbsp;

 

 

 

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