Does Rent Control have an impact on the affordability of apartments in San Francisco?

The increasing house rentals in San Francisco can be considered to be the key factors influencing the choice of property. As of present the average rent in San Francisco is $3,313 for an apartment of 737 sq. ft. However, with the change in the size of the apartment and location, the rental may vary.  

As a result of such increasing rentals, there is a need for tenants to look out for cheap apartments for rent San Francisco. For such needs of yours, Raj Properties brings you affordable 2 bedroom apartments for rent San Francisco. 

A key aspect to be aware of while planning for house rental options in San Francisco is Rent Control.

What is Rent Control?

Rent Control can be defined as legislation that has been bought in light to protect the rights of tenants. It ensures that a landlord can only evict a tenant if he/she has a proper cause. Also, the landlord can only increase the rent by a fixed percentage.

Pros of Rent Control

It can help in eliminating the risk of an unjustified increase in rent for the property.

• It provides the tenant with the legal backing to protect his right while dealing with the landlord. 
• Also, it helps the tenant in conducting his financial planning. As he is well aware of the potential rise in the rent annually. 
• Rent Contol helps to keep the rental costs within the city low and ensures the availability of cheap apartments for rent San Francisco.

Cons of Rent Control

Rent Controls results in discouraging landlords to invest in property upgrades. As they get a fixed increase in their property pricing, hence they lose interest in making major changes in property.

• It may result in declined availability of houses in the city. As the tenants would not move from the existing apartment due to the low rental benefit being availed by them. 
• Such can be a key threat for the tenants searching for 2 bedroom apartments for rent San Francisco. As such apartments are occupied by families and due to rent control they may not prefer to leave the apartment.

Conclusion

Being an individual you can get potential benefits from the rent control legislation introduced while looking for cheap apartments for rent San Francisco. Also, such rent control options can help to get an affordable option for 2 bedroom apartments for rent San Francisco. To explore more of rent-controlled options and affordable options you can visit our webpage. We have a collection of properties as per your needs and budget.