In a country where there is a huge influx of population interested in rented apartments, it is important to have rules and regulations in place. To avoid conflicts between landlords and tenants, there are several rules which have been introduced and have undergone significant changes. In this answer, we will talk about what is tenancy act. We will also discuss its relevance in the current times.
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Rent Control Act 1948 was brought into force to regulate the rules of letting out property. The rights of landlords and tenants are defined. The Rent Control Act was different for each state. Here is a snippet of rights of tenants and landlords.
Rights of landlordsThe rights of a landlord include:
Right to evict
Charge rent
Temporary possession of property
The rights of tenants include:
Right against unfair eviction
Fair rent
Essential services
Recently, the government of India passed the Model Tenancy Act 2021 which aims to bring effective rental policies in place.
Learn more about Rent Control Act India here What is Model Tenancy Act?Here is a snippet of Model Tenancy Act:
The security deposit for a rental property is fixed at 2 months rent.
The tenant can be penalised for refusing to move out of the property after the lease or agreement is completed
It is mandatory to create a written agreement to get into a rental arrangement
Model Tenancy Act the Rent Court can allow repossession by the landlord if tenant misuses the rental property, after being served a notice by the landowner.
This is all you need to know about what is tenancy act in India.
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What is Tenancy Act?
Shashank
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3 Year
2021-07-23T11:15:58+00:00 2021-07-23T11:46:05+00:00Comment
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