What is the objective of rent control laws?

The objective of rent control laws is to regulate rent to ensure housing affordability. These laws are specifically designed to cap the amount landlords can charge for rent, thereby protecting tenants from sudden and possibly excessive rent increases that might occur in a high-demand rental market. By maintaining a stable and more affordable rent, these regulations aim to give lower-income families and individuals better access to housing, particularly in areas where the cost of living may otherwise be prohibitively high.

Rent control helps to create a balance between the profits of landlords and the needs of tenants, contributing to a more equitable housing market. This ensures that people can afford to live in their communities without facing the threat of displacement due to rising rents.