Some municipalities mandate growth rates on residential leases be capped (say, 12%). If as a landlord you took the chance and overpriced your property, it migh

Some municipalities mandate growth rates on residential leases be capped (say, 12%). If as a landlord you took the chance and overpriced your property, it might sit empty, and the kind of tenant who eventually takes it is the kind of tenant who will find a better deal once they have the time to look around. And leases are contracts, so they have lag times before the rules change for any individual renter.