Purpose and Scope
Although the political debate over rent control is far-reaching, as described below, the purposes and provisions of such laws are intended to be limited in scope. They define which rental units are affected, and may have only larger or older rental complexes covered by the law. The frequency and degree of rent increases are limited, usually to the rate of inflation defined by the Consumer Price Index or to a fraction thereof. San Francisco, for example, allows annual rent increases of 60% of the CPI, up to a maximum 7%.
Unregulated rent increases may be allowed when a tenant moves ("vacancy decontrol"). Rent-control laws that don't include vacancy decontrol are called strong rent-control laws. Such laws were in effect in five California cities (West Hollywood, Santa Monica, Berkeley, East Palo Alto and Cotati) in 1996, when AB 1164 (known as the Costa-Hawkins Rental Housing Act) made strong rent-control unenforceable in California (except in special cases like mobile home parks).
Read more about this topic: Rent Control
Famous quotes containing the words purpose and/or scope:
“It is my purpose to disclose the mystery at once, and to ask you to look for your interest,—should you choose to go on with my chronicle,—simply in the conduct of my persons, during this disclosure to others.”
—Anthony Trollope (1815–1882)
“Every person is responsible for all the good within the scope of his abilities, and for no more, and none can tell whose sphere is the largest.”
—Gail Hamilton (1833–1896)