Rent regulation: Difference between revisions

 

 

 

== <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

####eg. "condo conversion".

####conversion to "Tenancy in Common" (TIC) unit, i.e. shared ownership.&nbsp;&nbsp;

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

###landlord buy-out of tenant.

###condemnation (?)&nbsp;

 

 

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