Tag Archives: Rent control

Rent control, like all other government-mandated price controls, is a law placing a maximum price, or a “rent ceiling,” on what landlords may charge tenants. If it is to have any effect, the rent level must be set at a rate below that which would otherwise have prevailed. If rents are established at less than their equilibrium levels, the quantity demanded ...

Stakeholders in the built environment, who spoke at the recently concluded three-day Abuja Housing Fair, which was organised by FESADEB Communications Limited, said that there is a need for a regulatory framework that will prescribe the prices at which houses should be sold in the country. They noted that the move would eliminate excessive profiteering by landlords and property developers. ...