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rent-stabilized
[rent-stey-buh-lahyzd]
adjective
regulated by law so that rent increases may not exceed a specified amount.
Other Word Forms
- rent-stabilization noun
Example Sentences
Among the buildings mentioned in the settlement were the Franklin Apartments, a rent-stabilized building with 30 units located at 6871 Franklin Avenue.
Rent-stabilized units, which limit a landlord on rent increases each year, are prohibited from being used for short-term rentals.
“We will not tolerate party houses that disrupt our neighborhoods and threaten public safety, or sit back while our laws are violated and rent-stabilized housing is ripped off the market,” Soto said in a statement.
They include a freeze on rents in the city’s million rent-stabilized apartments, paired with a commitment to build 200,000 new rent-stablized apartments over time.
More than 2 million people have found refuge in precious rent-stabilized apartments, where they depend on the mercy of the city’s Rent Guidelines Board to block landlords from raising prices.
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