| |
Rent Control FAQs
By james davidson
Q.1. What is rent control?
Ans. Rent control is a term applied to governmental laws and regulations that limit the rental amount or increase thereof, which landlords can charge tenants.
Q.2. How are rents and rental increases regulated through rent control?
Ans. Usually, a board is appointed by the Mayor of a city, with rent control laws in place to administer them. This board is responsible for determining the annual rental increases and the limiting of rental amounts.
Q.3. What are the kinds of rent control laws that are in place?
Ans. After the Second World War, it was only New York City that retained rent control laws. Late 1960 onwards, other communities began to adopt it as well, as it allowed automatic but limited rental increases, without requiring landlords to show an increase in their property maintenance expenses. If, a landlord carried out major repairs or experienced extraordinarily large expenses, a normal rental increase would not cover, he / she is allowed to petition for a larger rental increase on the basis of that.
Q.4. Which American states carry rent control laws?
Ans. Columbia, certain municipalities in Massachusetts, New York, New Jersey, and California, all have passed rent control ordinances, while on the other hand, certain legislatures have barred local rent control ordinances in their state municipalities.
Q.5. Are there state laws against rent control?
Ans. Certainly, about half of the state legislatures have forbidden municipalities to enact rent control ordinances, such as, when the voters of Detroit enacted rent control by referendum, the law passed by Michigan Legislature revoked the right of cities to adopt rent control laws.
Q.6. What is vacancy decontrol?
Ans. It is a provision of rent control and vacancy decontrol allows landlords to charge an increased rental amount, whenever a new tenant fills a vacancy by moving in. In actuality, vacancy decontrol is really an anti-rent-control provision, as within just a few years, new tenants in the same building could end up paying twice the rent, older tenants are paying. Vacancy decontrol, not only allows a landlord to collect more rent, it also undermines public support for rent control due to this unfair treatment.
Landlords, should make themselves cognisant with all rules and regulations before drafting a lease, and must take all necessary precautions, such as, screening tenants and conducting background checks on prospective tenants, including ensuring all promises in the rental lease are adhered to, as their insurance for a litigation free landlord / tenant relationship. A simple click of the mouse and one can visit www.e-renter.com for tenant screening and background check services.
About the Author
This blog is sponsored by http://www.tenantscreeningblog.com
I am very curious about tenant screeing issue that's why I have made this blog. I am too much curious about latest laws in this field.
Article Source: http://www.simplysearch4it.com/article/48651.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/48651.html" as shown above and make it hyperlinked. |
| Some other articles by james davidson | Kidney Stones Concern In Pregnant Women
Kidney stone is one of the most popular human disorders. It is an ailment that needs immediate action and proper care. It is remarked as a highly problematic ailment. It tends to grow more ...
Tenant Obligations
If, anything breaks down in your apartment and needs to be repaired, a tenant must immediately inform the landlord in writing, giving a ...
Ureteroscopic Stone Removal Technique
Kidney stones are one of the common ailments found theses days. It is a highly problematic ailment that tends to disturb the living style of an individual. Kidneys are vital ...
Cranberry Juice To Have No Benefit For Kidney stones
Kidney stones have been around for a long time period. Evidences are there that the disease was even in the Egyptian mummies ...
Rent Hikes
Maintaining property is an expensive affair as costs rise continuously over time, which means, it may be necessary for the owner of a ...
|
|
| |
|
