§ 11-14-101.1. Rent control - Prohibition.  


Latest version.
  • A.  No municipal governing body may enact, maintain, or enforce any ordinance or resolution which regulates the amount of rent to be charged for privately owned, single-family or multiple unit residential or commercial rental property.

    B.  This section shall not be construed to prohibit any municipality or any authority created by a municipality for that purpose from:

    1.  regulating in any way property belonging to that municipality or authority;

    2.  entering into agreements with private persons which regulate the amount of rent charged for subsidized rental properties; or

    3.  enacting ordinances or resolutions restricting rent for properties assisted with federal Community Development Block Grant Funds.

Added by Laws 1988, c. 38, § 1, emerg. eff. March 21, 1988.