Question

Some apartments in many large cities are subject to rent controls that restrict the maximum rent that can be legally collected from the tenants to an affordable level below the prevailing market rent. These rent controls are an attempt by the city governments to improve _____ of the rental markets.

Answer 1

The correct answer is offer prices.

Step-by-step explanation:

Rent control laws set limits on how much landlords can charge rent. The rent control laws specify:

- What types of properties qualify for rent control.

- How often the rent limits can be adjusted.

- How rent limits can be adjusted. - Most rent control laws link increases in rental limits to an annual percentage of inflation in a local consumer price index.

- The conditions when a property is "out of control."

- Restrictions on the eviction of the tenant with rent control.

There are no federal rent control laws since the US Supreme Court. UU. He ruled that rent regulation is a state issue. Most states do not have rent control laws regulated. Only some cities and communities in some states continue to apply them.