Gentrification - Control - Rent Control

Rent Control

In jurisdictions where local or national government has these powers, there may be rent control regulations. Rent control restricts the rent that can be charged, so that incumbent tenants are not forced out by rising rents. If applicable to private landlords, it is a disincentive to speculating with property values, reduces the incidence of dwellings left empty, and limits availability of housing for new residents. If the law does not restrict the rent charged for dwellings that come onto the rental market (formerly owner-occupied or new build), rents in an area can still increase. The cities of southwestern Santa Monica and eastern West Hollywood in California, United States gentrified despite — or perhaps, because of — rent control.

Occasionally, a housing black market develops, wherein landlords withdraw houses and apartments from the market, making them available only upon payment of additional key money, fees, or bribes — thus undermining the rent control law. Many such laws allow "vacancy decontrol", releasing a dwelling from rent control upon the tenant's leaving — resulting in steady losses of rent-controlled housing, ultimately rendering rent control laws ineffective in communities with a high rate of resident turnover. In other cases social housing owned by local authorities may be sold to tenants and then sold on. Vacancy decontrol encourages landlords to find ways of shortening their residents' tenure, most aggressively through landlord harassment. To strengthen the rent control laws of New York City, New York, housing advocates active in rent control in New York are attempting to repeal the vacancy decontrol clauses of rent control laws. The state of Massachusetts abolished rent control in 1994; afterwards, rents rose, accelerating the pace of Boston's gentrification; however, the laws protected few apartments, and confounding factors, such as a strong economy, had already been raising housing and rental prices.

Read more about this topic:  Gentrification, Control

Other articles related to "control, rent control, rent, rents, rent controls":

Paul Jones (judge) - Legal Career - United States District Court Judge
... lectured her on the advantages of birth control, closing his comments by asking, "Doesn't this woman know how to stop it?" Jones gained national attention in ... He held that, while rent control may have been permissible during the wartime emergency, Congress lacked the power to continue the restrictions "when peace has returned in fact." In 1947, the NEA wire ... of the Northern Ohio District Court, handed down the ruling that the rent law is unconstitutional ...
Rent Control In New York - Rent Control - Terms - Maximum Base Rent
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Rent Control - Enforcement Issues
... Some landlords use extralegal means to evade rent controls and attempt to take advantage of housing conditions ... Jurisdictions that implement rent controls may have to pass laws in response such as those forbidding landlords from compelling new tenants to hire the landlord's moving company ... In some areas with especially strict rent controls, landlords may require "key money" (a non-refundable deposit) ...
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... the motives of Jarvis in promoting Proposition 13 and the role its passage had in rent control subsequently being enacted in most large cities in California, Greg Katz has. 13 by saying it would drive down rents, by decreasing the property taxes that landlords paid ... Post-13 news reports found rents weren’t going down, despite Jarvis’s promises – apparently landlords were just pocketing their property tax savings ...
Cotati, California - History - Incorporation, Growth, and Rent Control
... In 1979, Cotati voters approved a rent control ordinance for all residential rentals, but in 1995, that ordinance was partly preempted by the passage of AB (Assembly Bill) 1164, known as the Costa/Hawkins Bill ... Cotati was one of five cities in California with "strong rent control" laws which included vacancy control ... bill made it impossible for California municipalities to enforce vacancy control, except in special cases like mobile home parks ...

Famous quotes containing the words control and/or rent:

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