Friday, September 30, 2022

Landlords Want to Curb Rent Control in Florida

Orlando, Fla. ( Associated Press) — The ballots haven’t been printed yet, but a group of Florida landlords and real estate agents already want to block voters from deciding on a proposal that would impose rent controls in Orlando for a year, one of which One of the fastest growing metropolitan areas in the United States.

The Florida Apartment Association and the Florida Association of Realtors sued Orange County last week in an effort to invalidate a motion that would limit how much landlords could raise the rent. If approved by voters in the fall, it would be the first such measure in the state in decades.

The associations argue that Florida law prohibits rent control orders, except in cases of emergency, and that the current state of the county belonging to Orlando does not meet that condition. They further say that the ordinance will have the unintended consequence of making the situation worse by discouraging the construction of apartment buildings and other dwellings.

The unions argued, “It is prejudicial and antithetical to the public interest and interests of plaintiffs and their members to allow a rent control decree to be put on the ballot or enforced by Orange County, where the ordinance is illegal and invalid.” court document.

This month, the Orange County Board of Commissioners narrowly approved the mandate, which will now go up for voter approval in November. Said ordinance limits the increase in rent to the annual increase in the consumer price index in multi-apartment buildings. The decree does not apply to luxury homes, single family homes and vacation homes.

Those who do not comply with the decree will be fined up to $1,000 per day for the first violation, with a maximum of $15,000 per violation. Landlords may request an exception to the limit in certain circumstances.

Nation World News Desk
Nation World News Desk
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