The U.S. Supreme Court declined to consider a rent control case in New York city, indicating it does not take issue with the decision handed down by a federal court of appeals.

An apartment owner challenged the city's rent stabilization law, saying the regulations it imposed violated the Fifth Amendment. The owner possesses a six-unit building with a combination of rent-controlled and market rate apartments, but an appellate court ruled against him, UNITS magazine reports.

The rent control regulation is not unconstitutional, according to the court, and the owner's argument was considered invalid because the rule was already in effect when he acquired the property. This unsuccessful challenge suggests a similar fate may await any other rent control challenges in the city.

Rental property management firms, landlords, renters and any other concerned parties who might take issue with the regulation would have to oppose it on different grounds, given that the U.S. Supreme Court has declined to weigh in on the matter.