Rent Regulation in Kenya

Rent regulationis a system oflaws, administered by a court or a public authority, which aim to ensure the quality and affordability of housing and tenancieson the rental market for land.

Generally，a system of rent regulation involves:
*.price controls, limits on the rent that landlord may charge, withrent controlandrent stabilisation
*.standards by which a landlord may terminate a tenancy (an equivalent ofunfair dismissalfrom employment in tenancies)
*.obligations on the landlord or tenant regarding adequate maintenance of the property
*.a system of oversight and enforcement by an independent regulator And Ombudsman

The classic objective is to limit the price that would result from the market, where an inequality of bargaining power between landlords and tenants produces continually escalating prices without any stable market equilibrium.

Modern rent controls were intended to protect tenants in privately owned residential properties from excessive rent increases by mandating gradual rent increases, while at the same time ensuring that landlords receive a return ontheir investment that is deemed fair by thecontrolling authority (which might, or might not be a legislature). Sometimes called rent leveling or rent stabilization, rent regulation is argued to promote social stability by slowing displacement inbooming economic cycles.