It is not a property of Control. Only Button, CheckListBox, GroupBox, Label, LinkLabel and PropertyGrid have the property. There's a good reason for that, only those controls display text that's rendered by Winforms instead of Windows.
Do consider that this property only exist to keep compatibility with apps that were started back in .NET 1.x. It is very unusual to want to fall back to GDI+ text drawing when you've got TextRenderer. Which renders text the same way as native Windows controls, like TextBox, ComboBox, ListView, TreeView, etc.
You'll want to set the application's default instead of setting it for every control. Project + Properties, Application tab, click the "View Application Events" button. Make the class look like this:
Partial Friend Class MyApplication
Protected Overloads Shared ReadOnly Property UseCompatibleTextRendering() As Boolean
Get
Return True
End Get
End Property
End Class