An elevator, which preferably is an elevator without counterweight and in which an elevator car is suspended by means of a set of hoisting ropes comprising one rope or a number of parallel ropes. The elevator has a traction sheave that moves the elevator car by means of the hoisting ropes. The elevator comprises rope portions of hoisting ropes going upwards and downwards from the elevator car, and the elevator has a compensating device acting on the hoisting ropes to equalize and/or compensate rope tension and/or rope elongation. The compensating device acting on the hoisting ropes of the elevator comprises at least one slack rope prevention means for preventing uncontrolled slackening of the hoisting ropes and/or uncontrolled motion of the compensating device.
