I believe that landlord should control rent. >>> OR: I believe that the landlord should control the rent.
The role government must play is to come up with regulations and laws to prevent market confusion.
>>> correct
This is because it is the right of landlord to make profit and increase the rent.
>>> This is because it is the right of the landlord to make profit and increase the rent.
In capitalistic society, most of the issues are solved naturally by balancing supply and demand.
>>> In a capitalistic society, most of the issues are solved naturally by balancing supply and demand.
When there is an excessive number of flats on the market the price will go down and vice versa.
>>> correct
However, there needs to be government intervention to regulate toxic market behavior.
>>> correct
In UK, for instance, there is no legal limit on how much rent a landlord can ask for up front.
>>> In the UK, for instance, there is no legal limit on how much rent a landlord can ask for up front.
Therefore, it is market practice to ask for at least 6 months rent in advance and sometimes landlord ask 12 months upfront.
>>> Therefore, it is a market practice to ask for at least 6 months rent in advance and sometimes the landlord asks 12 months advance deposit upfront.
To regulate this action, it is prohibited for landlord to charge more than 6 months in Wales and Scotland.
>>> correct
Accordingly, it is landlords right to increase rent yearly but government has to set regulation to eliminate unreasonable market behavior.
>>> correct