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House Bill 1217 would limit rent increases to 7% per year, prohibit any increases during a tenant’s first 12 months, cap late fees at 1.5% of rent, and restrict move-in fees to one month’s ...
Tenants living in municipalities with rent control in place won’t have to worry about sudden unaffordable price hikes, meaning they can plan to live in the same home over the long term.
Rent Control: Regulation and the Housing Market. Center for Urban Policy Research, ISBN 0-88285-159-4. McDonough, Cristina (2007). "Rent Control and Rent Stabilization as Forms of Regulatory and Physical Taking." Boston College Environmental Affairs Law Review, Vol. 34 pp. 361–85. Niebanck, Paul L., editor (1986). The Rent Control Debate.
The argument for rent control is fairly straightforward: It protects tenants from dramatic, unexpected rent hikes that would either place them in a precarious financial position or force them to move.
A city with strict rent control requirements can stifle local development, he said. This article originally appeared on NorthJersey.com: Passaic NJ apartment tenants march against landlord, rent hikes
In some cases, landlords have reportedly asked tenants for sex in exchange for rent, due to their lack of income during the pandemic. [63] For these reasons, tenants cannot necessarily depend upon their landlords for assistance and relief, and they may be at risk of homelessness due to evictions. [64] [6]
They found that while San Francisco's rent control laws benefited tenants who had rent controlled units, it also resulted in landlords removing 30% of the units in the study from the rental market, (by conversion to condos or TICs) which led to a 15% citywide decrease in total rental units, and a 7% increase in citywide rents.
In the face of sky-high rents, President Joe Biden is rolling out a new set of principles the White House is calling a "Renters Bill of Rights" in an effort to improve rent affordability and ...