Rent Control

Rent control is a government policy that limits how much landlords can charge for renting out apartments or homes. Its main goal is to keep housing affordable for tenants, especially in areas with high demand and rising prices. Rent control often sets a maximum increase in rent each year, aiming to prevent sudden spikes that could displace long-term residents. However, while it can help current tenants, critics argue it may discourage new construction and maintenance of rental properties, potentially leading to shortages or reduced quality in housing.