| Version | Summary | Created by | Modification | Content Size | Created at | Operation |
|---|---|---|---|---|---|---|
| 1 | Camila Xu | -- | 1414 | 2022-11-09 01:45:27 |
Rent regulation is a system of laws, administered by a court or a public authority, which aim to ensure the affordability of housing and tenancies on the rental market for dwellings. Generally, a system of rent regulation involves: The classic objective is to limit the price that would result from the free market. The loose term "rent control" can apply to several types of price control: Comprehensive rent regulation is common in Commonwealth and European Union countries, including Canada, Germany, Ireland, Cyprus, Sweden, and four states in the United States . A majority of OECD countries maintain rent-regulation laws, some changing to softer rent controls. A 2009 review of the economic literature:106 by Blair Jenkins through EconLit covering theoretical and empirical research on multiple aspects of the issue, including housing availability, maintenance and housing quality, rental rates, political and administrative costs, and redistribution for both first generation and second generation rent control systems found that “the economics profession has reached a rare consensus: Rent control creates many more problems than it solves”.:105 :1 :1 :1