[ecis2016.org] More than a year ago, the centre had circulated the modal law among states to align their local rental laws with the new one.
More than a year after the central government circulated the Model Tenancy Act, only four states in the country have tweaked their existing rental laws to align them to the national law, the Rajya Sabha was informed.
You are reading: Only 4 states have adopted Model Tenancy Act: Rajya Sabha told
The states that have made changes in their local rental laws to align those with the Model Tenancy Act include Uttar Pradesh, Assam, Andhra Pradesh and Tamil Nadu.
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[ecis2016.org] All about Model Tenancy Law
In response to a question by BJP MP Ashok Bajpai, minister of state for Housing and Urban Affairs, Kaushal Kishore told the upper house in a written reply, on July 25, 2022: “As per information available with MoHUA, the states of Andhra Pradesh, Tamil Nadu, Uttar Pradesh and Assam have revised Tenancy Acts on the lines of MTA.”
The minister also stated that the modal law is meant to balance the rights of tenants and landlords and to create an accountable and transparent ecosystem for renting of premises in a disciplined and efficient manner.
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The Housing Ministry had floated the draft model tenancy law in July 2019. The Modal Tenancy Act received the cabinet’s nod on June 2, 2021. On June 7, 2022, it was circulated to all states and union territories ‘for adoption by way of either enacting a fresh legislation or amending existing rental laws suitably’, the minister said in his reply.
Touted to be a game-changer for India’s rental housing market, the modal law promises to safeguard the interests of landlords, as well as tenants, in equal measure.
“It attempts to address some key areas of conflict between parties in tenancies by bringing about certain important changes, including the establishment of a rent authority and the mandatory requirement for a written rent agreement and registration of the same with the authority,” rating agency ICRA had said, after the law was approved by the cabinet.
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
