Rent Control Legislation

Rent control legislation is laws that limit how much landlords can increase rent on existing tenants and sometimes regulate rent levels in certain areas. Its goal is to make housing more affordable and prevent sudden, steep rent hikes that could displace tenants. These laws typically set maximum allowable rent increases annually and may specify which rental properties are covered. While they help protect tenants from excessive rent increases, they can also influence the rental market dynamics, potentially reducing landlords' incentives to maintain or invest in rental properties.