From Jennifer Lai,
Your Guide to Apartment Living / Rental.
FREE Newsletter. Sign Up Now!

Definition:

Rent control is a program run by local or state governments that regulates the amount of rent a landlord can charge. Rent control also outlines regulations concerning eviction. Some types of rent control include how much a landlord can increase rent each year and how much the landlord can increase rent from tenant to tenant. In some cities, only certain buildings fall under rent control law.

Typically, rent control exists only in large urban areas, such as New York City, Los Angeles, and San Francisco.

Examples: Because of rent control, my rent-controlled apartment is affordable.