rent control


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rent control,

in economics and law, government regulation of rent to prevent unreasonable or excessive increases. In the United States, the federal government imposed rent control (and other price controls) during World War II, and continued it in several cities after the war because of housing shortages. It was later turned over to the control of individual states and municipalities and has since ended in most locations.
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He said in the previous government, Law Ministry in consultation with all stakeholders had developed a consensus document of rent control act which was sent to the National Assembly after the approval of Federal Cabinet.
Ajmal Baloch, Central Organizing Secretary, Traders Action Committee, Islamabad said that a consensus bill of rent control act having the approval of all stakeholders was presented in the previous National Assembly, which is lying pending since then.
The Governor's Conditional Veto preserves the new construction exemption from local rent controls on new rental apartment construction.
He said Islamabad Chamber has struggled a lot in bringing changes in the Rent Control Act after consultation with the all stakeholders and representatives of the business community.
Critics of Proposition 98 say it is billed as stopping government from seizing property for private use, but really aims to abolish tenant protections statewide because it also contains language to phase out rent control and gut laws that protect renters from unfair evictions.
Rent control has been removed in most of Eastern and Central Europe.
Instead of blaming rent control regulations for the rise in homelessness, why not blame the banks for refusing to invest in low profit areas?
The first lesson they draw from the work is that development of good public policy in this area requires an understanding of all the implications of rent control.
In the 1970s, it appeared that rent control might be the wave of the future.
By contrast, Massachusetts did away with rent control in a statewide referendum in 1994.
Teachers of undergraduate economics love to use the example of New York City rent control to demonstrate to students the market distortions that result from ceiling price programs.