Rent control is part of a system of rent regulation, administered - TopicsExpress



          

Rent control is part of a system of rent regulation, administered by a court or a public authority, which limits the changes that can be made in the price of renting a house or other real property. The objective of controlling the prices of rent is usually to counteract the inequality of bargaining power between landlords and tenant, as part of a minimum set of rights to make the market fair. Controls on the price of rents is used in residential housing, agricultural tenancies, and business tenancies. It may function as a price ceiling. Rent control laws are used in approximately 40 countries, although they often vary from one country to another, and may vary from one jurisdiction to another within some countries. ( globalpropertyguide/investment-analysis/The-pros-and-cons-of-rent-control) Shettima(as DLT is fondly called) believes there is urgent need to introduce, strengthen, and enforce existing rent control laws in Nigeria.He intends to work towards establishing or empowering Rent Guidelines Boards, which will be saddle amongst others with the responsibility to decide how much landlords can raise rents for regulated apartments.
Posted on: Thu, 10 Jul 2014 08:17:31 +0000

Trending Topics



Recently Viewed Topics




© 2015