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Expert view: How big a change will the Model Tenancy Act bring? Does it apply immediately?- The New Indian Express


Expert view: How big a change will the Model Tenancy Act bring? Does it apply immediately?  
Among the changes under the act, unless agreed otherwise in the agreement, the landlord will make all the structural repairs, whitewashing, external electrical wiring and related maintenance.
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The Union government on Wednesday cleared the Model Tenancy Act, which
offers legal protection to both owners and tenants. According to realtors, the new Act erases many legacy issues associated with renting residential properties and goes a long way in formalising the sector. But how significant a difference will it make to those renting houses and to the landlords? ....

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Centre approves Model Tenancy Act: Here's how it will benefit tenants, landlords


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Centre approves Model Tenancy Act: Here s how it will benefit tenants, landlords.
The Union Cabinet on Wednesday approved the Model Tenancy Act, aiming to bring about wide-ranging reforms, including setting up of separate rent authorities, courts and tribunals in every district to protect the interest of both the owner and tenant.
Under the Act, for residential premises, tenants will have to submit a security deposit of maximum two months rent, while in case of commercial property, six months rent will have to be deposited.
States and union territories can adopt the Model Tenancy Act (MTA) by enacting fresh legislation or they can amend their existing rental laws suitably. ....

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