May 28, 2016

Rent Control

 

 

Rent regulation belong to the issues which become more and more urgent in the last years. The problem of housing touches upon every citizen, as even private owners pay taxes for their accommodations, not even to mention renters. Well-being of tenants greatly depends on the amount of rent they should pay monthly for any housing. And the problem lies in the fact that landlords are continually escalating their prices which are predetermined by the situation on market and high demand which tends only to rise with every year.

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Rent control represent the system of governmental measures and regulations which prevent speculations and escalation of prices on the real estate market. Such policy is available through the European union as well as in the US and Canada. Nevertheless, the current regulation of rent is different for each state of the US, moreover, tenants are not protected by law everywhere in America. Prices on some part of housing certainly fall under restricting measures, but a great amount of real estate is not regulated by authorities at all.

General well-being of Americans is sufficiently influenced by prices on housing which sometimes take more than 50 percent of an average family income. These rates are usually caused by a stir on the estate market and never by higher conveniences or facilities located in the area like hospitals, schools, parks etc.. A lot of tenants still have to pay a lot for less comfortable accommodations as there is no other way to deal with the landlords who always require a renter to pay the highest possible price.

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