what is the meaning of a rent control?
It is a program designed to stop rents from skyrocketing and is used mainly in large urban areas where there are more people than housing. What it essentially did was to put a freeze on the units were already rented. Here is more detailed information that you will find helpful: Introduction A number of communities in New York State have rent regulation known as rent control and rent stabilization. Rent regulation is intended to protect tenants in privately-owned buildings from illegal rent increases and allow owners to maintain their buildings and realize a reasonable profit. Rent control is the older of the two systems of rent regulation. It dates back to the housing shortage immediately following World War II and generally applies to buildings constructed before 1947. Rent stabilization generally covers buildings built after 1947 and before 1974, and apartments removed from rent control. Outside New York City rent s
