Money Rent regulation will be extended to other cities

02:25  24 november  2020
02:25  24 november  2020 Source:   lepoint.fr

WA is experiencing its worst rental shortage since 2007 with many facing homelessness

  WA is experiencing its worst rental shortage since 2007 with many facing homelessness WA is in the grip of a rental crisis and there appears to be little hope on the horizon, with one expert saying turning around the property market is like "trying to turn around the Queen Mary".But she has been forced to send her two eldest children to live with family while she and her five-year-old son couch surf at a friend's house, unable to find a rental property.

Rent regulation is a system of laws, administered by a court or a public authority, which aims to ensure the affordability of housing and tenancies on the rental market for dwellings.

The regulated rent market is divided into two categories: controlled and stabilized. The regulations give tenants broad rights on renewing their leases. Besides New York City , the stabilization law applies to Nassau, Rockland Without legislative action, the regulations would have expired this weekend.

Immobilier, logement, loyer © Provided by Le Point Real estate, housing, rent

Rent regulation is being deployed. After Paris and Lille , Bordeaux , Lyon (Villeurbanne included) , Grenoble and Montpellier will be the next metropolises concerned by the device. "Several inter-municipal authorities in the Paris region" have also "applied" to regulate rents, announces the Minister-Delegate for Housing Emmanuelle Wargon. Marseille and Toulouse, "who had indicated their intention to do so, have given up and I regret it" declared the minister in an interview with the daily Les Echos dated Tuesday, the day after the deadline for applications for volunteer cities to this device scheduled until 2023.

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The city ’s "in flux," says a Brooklyn mover who’s doing big storage business. Experts say some New Yorkers’ should-I-stay-or-should-I-go dilemmas signal more uncertainty Share All sharing options for: New York’s Rents Drop as Vacancies Increase. Could Rent Regulation be Next Thing to Fall?

Rent regulation is underpinned by a rule that says more than 5% of New York City apartments can’t be vacant. With tenants fleeing during the virus crisis, that Two Assembly members plan to introduce legislation to allow thousands in penalties for not following a application cap and other reforms.

In Ile-de-France, the inter-municipal authorities which have submitted a file are those of Plaine commune, "in the process of being validated first", but also eleven municipalities of Grand Orly Seine Bièvre , as well as the city of Grigny located in the intercommunality of Grand Paris Sud Seine Essonne Sénart. "This device will not alone solve the housing problem" warns the minister: "The municipalities that want to regulate their rents will also have to be voluntary in the construction of housing", she assures.

"The State is doing its part"

Targeting cities "whose mayors are often environmentalists" such as "Bordeaux, Annecy", where "building permits are struggling to come out", Emmanuelle Wargon believes that the regulation of rents "cannot be the alibi of a housing construction at half mast". "The State is doing its part to support the supply of housing: we have created assistance for building mayors, a fund for the rehabilitation of brownfields," she recalls.

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Prior to Friday, landlords had a tool kit to juice rents and eventually deregulate apartments. Here's what they can and cannot do under the new rent regulation law. MCIs are upgrades that “directly or indirectly benefit all tenants” in a building, and meet a few other criteria.

California passed a strong set of rent regulations this week, here’s how they compare to New York’s new laws. In other words, a year after soundly defeating Proposition 10, a ballot measure that would have The nine-member Rent Guidelines Board, which is appointed by the New York City mayor

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The simplification and dematerialization of town planning procedures should be implemented from "June 2021", underlines the Minister, that is to say earlier than expected by the law (January 2022), which should encourage construction. It also stresses that a decree, examined by the national council for the evaluation of standards, will allow in the future "to carry out work on existing buildings without having to apply for a building permit".

"Below a certain threshold of square meters, a prior declaration will suffice, on condition that it is made by an architect" specifies Mrs. Wargon. "This decree also exempts from authorization to construct certain temporary buildings such as those intended for emergency accommodation" adds the Minister.

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Millions of Americans face eviction in a “completely predictable and entirely preventable” crisis as the CDC’s moratorium is set to expire on New Year’s Eve.“I’m angry that people can think so little of human life,” she told Vox.

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