3 ms·
Yes, they do have that right. They can use the building themselves, rent it to someone more trusted (family/friends), or sell it. They don't have to rent it out
by vertex-four 12y ago
Yes, they do have that right. They can use the building themselves, rent it to someone more trusted (family/friends), or sell it. They don't have to rent it out in the first place, so the building never has to come under rent control.
- cma 12y agoYes, you technically can rent it for a limited time of zero, meaning they do have the right to rent it for a limited time, in some weird mathematical field theory of rental treating that as the additive identity element or something.
- simoncion 12y agoIt's those exceptions that you glossed over in your initial comment that cause your assertion to be incorrect. Landlords have a variety of legal options to terminate a rent-controlled lease. Those options are almost always less palatable than continuing the lease. This is by design, and -in areas with obscene housing supply issues- good for society. Housing security is far more important for societal well-being than the fullness of a landlord's wallet.