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

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.