A Restricted Contract (RC) is a legally binding agreement between a landlord and tenant in the UK housing market. It restricts the landlord in terms of their ability to increase the rent or terminate the tenancy during the agreed-upon lease period. The purpose of a RC is to protect tenants from sharp increases in rent, as well as to provide security of tenure to tenants in the UK housing market. The scope of a RC will vary depending on the agreement between the landlord and tenant, but typically it will include provisions related to the tenant’s right to remain in the property, the landlord’s right to increase the rent, and the landlord’s right to terminate the tenancy.