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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Mohammad Ajmal Baluch, President, Anjuman-e-Tajiran Islamabad said that in consultation with all stakeholders, an amended bill of a balanced rent control act for Islamabad was prepared and presented long time ago in the National Assembly that has not been passed into law as yet.
The rent control issue in Islamabad emerged with emergence of the city as a major hub of business and employment during former president Pervez Musharraf rule.
He said that an amended bill of rent control law was presented in the national assembly while the local administration has also returned it to the NA after its vetting, but it was unfortunate that the said bill has not been passed into law as yet.
They said MNA Mian Abdul Manan and MNA from Islamabad Asad Umar had presented a private bill of rent control act in the National Assembly, which was approved by the concerned Standing Committee
Media was informed that Mian Abdul Manan, PML-N MNA and Asad Umar MNA from Islamabad who belongs to the PTI had presented a private member bill for a balanced rent control act in the National Assembly, which was approved by the concerned standing committee and the ICT Administration, but it has not been passed into a law as yet.
They appealed to the Prime Minister of Pakistan Shahid Khaqan Abbasi and Federal Law Minister Barrister Zafar Ullah Khan to arrange urgent passage of amended rent control bill from the Parliament.
But officials who spoke this past week with The Register-Guard said more options would have to be weighed before going the rent control route - even if the state gives them the power.
YES Malcolm Warrack managing director, Cullen Property While many of the Scottish Government proposals for a new private rented sector tenancy will enhance security and flexibility for both tenants and landlords, evidence points to the fact rent controls will hinder investment in the sector, dis-incentivising small and large landlords from participating and/or maintaining their properties to a high standard.
We are planning to present the amended bill of rent control act in National Assembly in near future and if trade leaders have any good proposals, they should share with us, he said.
The state's General Assembly last week gave its approval to legislation ti introduce rent control on new 55+ senior housing, reversing a longstanding statewide policy of prohibiting municipalities from imposing rent control on new construction for 30 years.
In Housing Market Spillovers: Evidence From the End of Rent Control in Cambridge, Massachusetts (NBER Working Paper No.
But if voters kill rent control in a June ballot measure, the Bernsteins say, their monthly payment would jump from $876 to $1,300 -- a 48 percent increase.