Definition of Rent control:
Rent control is a government program that places a limit on the amount that a landlord can demand for leasing a home or for renewing a lease.
Rent control laws are usually enacted by municipalities and the details vary widely. All are intended to keep living costs affordable for lower-income residents.
Government control and regulation of the amounts charged for rented housing.
Regulations by state or local governments restricting the amount of rent landlords can charge tenants; designed to keep the cost of housing affordable for residents.
How to use Rent control in a sentence?
- It is noteworthy that there are no slums in Kathmandu, Nepal, although the per capita income there is much lower than in Delhi, simply because there is no rent control and landlords have an incentive to invest in housing.
Meaning of Rent control & Rent control Definition