1. Rent Control
... help society cope with the housing crisis. However, at the present time many buildings in New York City have come under the provisions set by rent stabilization rather than rent control. In 1969 rent stabilization was established to protect households living in uncontrolled apartments. Stabilized housing has grown to encompass about one million units at this point in time, especially because ... of the rise in vacated rent controlled apartments.# Rent stabilization is much like rent control. However, it provides other protections to tenants besides guaranteed 6% limits on rent increases...
- Word Count: 1658
- Approx Pages: 7
- Grade Level: High School