Comment by rtpg
18 hours ago
> but can reset close to market rate when there's a 'just cause' vacancy.
Unfortunate policy, and generating weird incentives to get people to leave!
In Queensland (not exactly perfectly managing the rental crisis but...) their policies include not being able to raise rent more than once every 12 months (leases tend to be 12 months). Importantly it's linked to the property, not the tenants.
There's no actual cap in practice on how much you can raise it by ("reasonable" I believe is the nonfalsifiable term used) but it doesn't generate perverse incentives to kick people out
BC, Canada has a similar "just cause" (they have a list of valid reasons to evict). Although they do allow unlimited rent raises between tenants.
The key is that there is a very low cost resolution tribunal, and the penalties for evicting improperly are incredibly harsh (12 months rent to be paid to the tenant in cash).
That was the argument around the original 2021 rent control law! It had zero exemptions to avoid perverse incentivizes like that one. But it didn't last.