Real Estate Law: Rent Control and Lease Agreements

Description

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.

Official source

https://mediaspace.epfl.ch/media/0_mhhg46ck

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Related lectures (3)

Related concepts (36)

Rent regulation

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.

Real estate

Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (eg. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. In terms of law, real is in relation to land property and is different from personal property while estate means the "interest" a person has in that land property.

Real property

In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, roads, and other things. The term is historic, arising from the now-discontinued form of action, which distinguished between real property disputes and personal property disputes.

Real estate agent

A real estate agent, referred to often as a real estate broker, is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency.

Consumer price index

A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. The CPI is calculated by using a representative basket of goods and services. The basket is updated periodically to reflect changes in consumer spending habits. The prices of the goods and services in the basket are collected monthly from a sample of retail and service establishments.