Definitions for "RENT CONTROL"
Regulation by a local government agency of rental charges, usually according to set formulas for increase.
In rent controlled jurisdictions, annual rent increases are allowed based on an established percentage, typically based on the rate of inflation. Many jurisdictions also have what is called "vacancy decontrol" in which rents may revert to market rates whenever a unit is voluntarily vacated by a tenant. Nearly all rent control regulations allow owners to repossess a unit for their own use, and provide exemptions for small, multi-unit buildings in which the owner is also a resident of one of the units.
Municipal regulation restricting the amount of rent that a building owner can charge.
Keywords:  replacement, value
Replacement Value
Keywords:  legal, limitation, increases
Legal limitation of rent increases.