Regulation of Rental Contracts in the Housing Market
by
Franz Hubert
Book Details
Format
Paperback / Softback
Book Series
European University Studies
ISBN-10
3631443234
ISBN-13
9783631443231
Publisher
Peter Lang GmbH
Imprint
Peter Lang GmbH
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Oct 1st, 1991
Print length
168 Pages
Weight
226 grams
Dimensions
15.10 x 20.90 x 1.60 cms
Product Classification:
Economics
Ksh 6,800.00
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In many countries (part of) the rental housing market is subject to regulations concerning determination of rent and security of tenure. The author provides fresh theoretical analysis of these measures by taking into account special features of the housing market, like indivisibility, mobility cost and incomplete contracts. The impact a rent ceiling has on contracting, the allocation of the housing stock, rationing cost and on rents in the free housing sector is examined. In some cases tenure laws provide for tenure security and rules for the updating of rent while leaving the initial rent for new leases freely negotiable. The analysis shows that the efficiency of the market could be improved through this type of regulation.
In many countries (part of) the rental housing market is subject to regulations concerning determination of rent and security of tenure. The author provides fresh theoretical analysis of these measures by taking into account special features of the housing market, like indivisibility, mobility cost and incomplete contracts. The impact a rent ceiling has on contracting, the allocation of the housing stock, rationing cost and on rents in the free housing sector is examined. In some cases tenure laws provide for tenure security and rules for the updating of rent while leaving the initial rent for new leases freely negotiable. The analysis shows that the efficiency of the market could be improved through this type of regulation.
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