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Rent Control Act
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ToggleThe legislature enacted a national Rent Control Act in 1948. It controls the guidelines for renting out a property and makes sure neither the rights of the landlords nor the tenants are violated by the other. It should be noted that each state currently has its own Rent Control Act, and while they are generally similar to one another, they do have a few small variations.
The 1948 Act's strict requirements and pro-tenant stance have made it impossible for the real estate sector in some regions to expand. Despite inflation and rising property values, some properties that have been rented out since 1948 continue to pay the same amount of rent.
