Renter’s Advice and Resources
5 Negative Effects of Rent Stabilization
· Apr 1, 2010
Rent stabilization is a set of laws that guarantee a tenant three basic protections: the right to possession, the right to no increase in rent and the right to repairs on the property. Created after WWII when housing prices increased sharply, the laws were intended to induce tenants to rent apartments. Rent stabilization does not […]
Rent stabilization is a set of laws designed to protected tenants. Originally formed in the post-World War II era, the laws were created to induce tenants to rent apartments by guaranteeing lower than market-price rents. The Three Rights of Rent Stabilization Tenants in rent stabilized apartments are guaranteed three basic protections: the right to tenure, […]
· Mar 5, 2010
During World War II many largely populated cities such as New York, Los Angeles and Chicago adopted rent stabilization and rent control laws to fortify and protect affordable housing. Rent control laws came into effect as early as 1919 stemming from the result of public outrage towards individuals and organizations taking advantage of the economic vulnerability of […]
· Dec 8, 2009
With housing prices rising steadily, the economy on the upswing and real estate developers (the people who build new apartment complexes) are re-grouping and looking for new projects, rents will likely rise in 2006. But alas, there are some parts of the country where renters will enjoy the benefits of high vacancy rates, move-in specials, and low rents.
· Jan 18, 2006