Rent Stabilization Laws

Rent stabilization laws are regulations designed to protect residential tenants from dramatic rent increases and evictions. They typically limit how much landlords can raise rent each year and provide tenants with rights to renew their leases. These laws aim to maintain affordable housing and prevent displacement in communities where housing costs are rising. Rent stabilization usually applies to older buildings and can vary by city or state, ensuring tenants have a level of security in their housing situation while balancing the interests of property owners.