A lof of European countries do. If you rent long term, your lease is automatically renewed every 12 months and the rent increase is indexed in some consumer/ construction rate set up by the government. So no drastic increase. On the other end, if for some reason the tenant leaves and a new one arrives, the owner can set the new rent price as high as they wish in the limit of what’s authorised by the law as some metro areas have max rent prices and if you try to charge more then you’re fined.
Y’all don’t have a national renters’ association that negotiates the rents?
Bro we still have slavery, they just moved it to prisons. Of course we don’t have anyone to negotiate rents on our behalf.
What countries do?
The Scandinavian ones do at least.
A lof of European countries do. If you rent long term, your lease is automatically renewed every 12 months and the rent increase is indexed in some consumer/ construction rate set up by the government. So no drastic increase. On the other end, if for some reason the tenant leaves and a new one arrives, the owner can set the new rent price as high as they wish in the limit of what’s authorised by the law as some metro areas have max rent prices and if you try to charge more then you’re fined.
Lol no, you just wake up one day and find out your rent is going up $500/month because a lot of people are interested