Rent Stabilization Ordinance (RSO)

The Rent Stabilization Ordinance (RSO) is a policy designed to protect tenants in certain cities by limiting how much landlords can increase rent for long-term tenants. It ensures that rent changes are predictable and fair, making housing more accessible. The RSO typically applies to older residential buildings and sets guidelines on both rent increases and tenant evictions. This ordinance aims to balance the rights of tenants and landlords, helping to prevent sudden rent hikes and maintain affordable housing in urban areas.