Jacobs used a loophole in rent control
laws, the Ellis Act, which gives landlords the power to evict tenants from rent-controlled buildings as long as they sell the property, convert it into condominiums or let the building sit vacant for five years, to eliminate 17 rent-controlled units to reap a healthy profit.
Tenders are invited for Professional Legal Services Rent Control
passed rent control
in 1979, after concerns that rapid rent increases were pricing too many residents out of the city.
He said before the elections, all parties had promised for the promulgation of a balanced rent control
act in the federal capital on coming to power, however, eight months have passed and it is high time that the PML-N government should honour its promise.
Islamabad -- Asad Umar, Member National Assembly of Pakistan Tehre-ke-Insaf from NA-48 Islamabad have assured the local traders that amended bill of a balanced rent control
for Islamabad will soon be presented in the National Assembly for its enactment into a law.
The NJAA, which submitted an veto request on June 28, said it is confident that the Governor's conditioonal veto deletes what it considers "the most dangerous sections of the bill" and proposes that the Department of Community Affairs conduct a study of rent control
and its effects on seniors.
He said that a balanced Rent Control
Act in Islamabad would greatly reduce and resolve the rental issues of traders of the Federal Capital.
He said new proposed draft for Rent Control
Act will be sent to the Ministry for Interior within a couple of days.
But if voters kill rent control
in a June ballot measure, the Bernsteins say, their monthly payment would jump from $876 to $1,300 -- a 48 percent increase.
, seen by many economists as old-fashioned, has recently made a surprising comeback in one group of high-growth, dynamic economies - the Gulf.
was recently implemented in Alberta with a one year moratorium on rent increases--and the debate in the province continues as to whether more restrictions and controls are needed to solve the problem of increasing rents.
The Housing (Private Rented Dwelling) Act, 1982, was introduced to replace rent control
laws struck off as unconstitutional by the Supreme Court.