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.
ISLAMABAD -- The capital traders and business community on Saturday warned of a series of protests if the government does not bring a balanced rent control law in the federal capital by Dec 19.
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.
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.
New Jersey is one of four states plus Washington DC to have rent control on privately-financed and built rental apartments.
Just prior to the elimination of rent control in 1995, controlled units typically rented at 25 to 40 percent below the prices of nearby uncontrolled units, a clear benefit to tenants in those units.
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.
In adopting rent control the Gulf has moved in the opposite direction to the rest of the world.
Rent control was recently implemented in Alberta with a one year moratorium on rent increases--and the debate in the province continues as to whether more restrictions and controls are needed to solve the problem of increasing rents.