Asked by MORIAH BULLERMAN on Jul 08, 2024
Verified
Rent-control laws dictate a minimum rent that landlords may charge tenants.
Rent-Control Laws
Regulations that limit the amount landlords can charge for leasing residential properties to ensure affordability.
Minimum Rent
The least amount of money that a lessee may pay to lease a property for a specific period, often set by contractual agreement.
- Ascertain the consequences of public policy on marketplace operations, especially by employing price thresholds and foundations.
Verified Answer
TP
Towanada PettwayJul 11, 2024
Final Answer :
False
Explanation :
Rent-control laws set a maximum limit on the rent that landlords can charge tenants, not a minimum.
Learning Objectives
- Ascertain the consequences of public policy on marketplace operations, especially by employing price thresholds and foundations.