Changes to Rent Control Regulations
Rent control laws are constantly evolving, and 2024 brings several significant changes. Many jurisdictions are adjusting the allowable rent increase percentages, often tying them to inflation rates or other economic indicators. Some areas are also expanding the definition of “rent-controlled units” to include previously excluded properties, potentially benefiting a larger number of tenants. It’s crucial to check your local regulations to understand how these changes affect your specific rental situation. Landlords may be required to provide more detailed justification for rent increases, and tenants now have more avenues for challenging unwarranted hikes. Be sure to
