Genuinely curious, having lived in 6 major metros across 5 states from coast to coast. Are these jurisdictions anything like common? Where are some of them? I would love to do some further research.
I've heard of rent-stabilized units, but never an area where rent increases are capped.
I had colleagues living in Ontario (Canada), perhaps just limited to Toronto? Anyway they had rent increase caps based on age of building which was surprising [1]. Also California has something like this since 2020 if I understand correctly. Some areas of UK also. I'm sure there are more.
[1] If I recall correctly there was a process to apply an above-limit increase if you could demonstrate expenses, say a renovation.
I've heard of rent-stabilized units, but never an area where rent increases are capped.