explain the concept of price ceiling using rent control act.
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The term “rent ceiling” refers to the maximum amount of rent a landlord is allowed to charge a tenant. Rent ceilings are a form of rent control and are usually set by law, limiting how high the rent can go in a specified area at any given time.
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The term “rent ceiling” refers to the maximum amount of rent a landlord is allowed to charge a tenant. Rent ceilings are a form of rent control and are usually set by law, limiting how high the rent can go in a specified area at any given time.
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