Lecture
This lecture delves into the intricacies of real estate law, focusing on rent control, lease agreements, and the impact of interest rates on mortgage rates. The instructor explains the calculation of fair rents, the influence of recent interest rates on lease agreements, and the legal framework for challenging rent increases. Additionally, the lecture covers the concept of abusive rents, the criteria for determining rent abusiveness, and the legal procedures for contesting rent hikes. The discussion also includes the role of inflation in rent adjustments, the indexing of rents to the consumer price index, and the consideration of property improvements in rent evaluations.