On Sex and The City they reference "rent controlled apartments" in several episodes and I am curious as to what they are exactly.
2007-11-04 14:33:11 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
rent control is a law that helps the renters remain at a certain rental agreement for a period of time regardless of the economy. it is extremely important to know what your legal agreement when signing a rental agreement so that you are not taken advantage or fall into become a victim of rental jacking. rent jacking is a term when the landlord of the property ceases an opportunity to increase rent due to supply and demand - economics 101. more people seeking rental space and not enough places so they will increase the rent to get you to move out or pay what the market is demanding currently. this reverts back to rent control question. with rent control the landlord can only increase your rent by a certain percentage in a specific period of time.
this is very helpful for over populated cities and in college areas.
hope this is helpful.
2007-11-04 23:10:56 · answer #1 · answered by leqtepie 2 · 0⤊ 0⤋
A rent controlled apartment is one where someone other than the landlord sets the amount of rent that can be charged. In areas that are super expensive (NYC, San Francisco, etc.) rents would be outrageous if free market economics were allowed to work. Instead a certain percentage of apartments are 'rent-controlled' and a housing authority decides what the rent can be for some apartments.
People who have rent-controlled apartments are usually long time tenants and people do crazy things to prevent them from going non-rent controlled.
Hope that helped!
2007-11-05 01:59:46 · answer #2 · answered by Rush is a band 7 · 1⤊ 0⤋
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2016-09-10 00:29:35 · answer #3 · answered by ? 3 · 0⤊ 0⤋
yet another answer indicated that earnings become element of lease-administration. In some cities (ny ny, Berkeley CA are 2) some residences are lease-controlled however the earnings or prestige of the renters isn't a ingredient. the city many times set the rents years in the past with a view to allow contemporary citizens to proceed residing in a community the place call for become/is using up rents. There are homes in ny the place the rents are a fragment of the marketplace fee. many times whilst the present resident of a lease-controlled house strikes out the previous fee is dropped and a clean fee may be utilized. This finally ends up in issues like somebody retaining a lease and subletting the home to maintain the favorable fee. it somewhat is against the regulations, notwithstanding it happens. yet another effect is that the landlord of a lease-controlled development will each and every now and returned forget maintenance as there is way less money coming in, and additionally there is not any opposition for tenants - making the development nicer won't usher in additional money. lease administration has some favorable factors notwithstanding it each and every now and returned motives lot of abuses.
2016-12-30 19:20:24 · answer #4 · answered by lanahan 4 · 0⤊ 0⤋
rent controlled means that your rent doesn't go up as much as a non rent controlled if it can go up at all.
2007-11-04 14:51:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Rent To Own Home : http://RentToOwnHome.uzaev.com/?mScX
2016-07-11 16:35:20 · answer #6 · answered by Florence 3 · 0⤊ 0⤋