These new laws are being made to balance the rights of landlords and tenants.
Model tenancy act: Rights of tenants, landlords to be redefined
The government has drafted the Model Tenancy Act, 2019 to regulate renting of premises in an efficient and transparent manner. These new laws are being made to balance the rights of landlords and tenants. The draft for the act is in the final stage. The following are few of the points proposed in the act:
The Cabinet will likely get an approval in August. The Central govt has shared a copy of the Model Act with the States and Union Territories. The Act, once finalised, will be shared for adoption. The rights and responsibilities of both landlords and tenants will be protected.
The aim of the policy is to bring vacant unsold houses onto the rental market, to further encourage demand and reduce housing shortage.