Rent Control and Increases

Rent control refers to laws that set limits on how much a landlord can charge for renting their property and how much they can increase rent over time. These laws aim to make housing more affordable for tenants by preventing excessive rent hikes. Each jurisdiction has its own rules about rent control, including how much rent can be raised annually and under what circumstances. While rent control helps tenants, it can also discourage landlords from maintaining properties or building new ones, as their potential income is limited.