04/06/2021
मकान किराये पर लेना/देना होगा आसान !
Now Easier to give or Take Property on Rent !
Model Tenancy Act (MTA) 2021
Salient Features of the ACT..
The security deposit to be paid by the tenant should not exceed two months’ rent for residential property (six months’ rent in case of non-residential property), and should be a minimum of one month’s rent for non-residential property.
States will set up a grievance redressal mechanism comprising of Rent Authority, Rent Court and Rent Tribunal to provide fast-track resolution of disputes. Disposal of a complaint/appeal by the Rent Court and the Rent Tribunal will be mandatory within 60 days.
The Rent Court can allow repossession by the landlord if the tenant misuses the premises, after being served a notice by the landowner. Misuse of the premises, as defined, includes public nuisance, damage, or its use for “immoral or illegal purposes”. If the tenant refuses to vacate, the landlord can claim double the monthly rent for two months, and four times the monthly rent thereafter.
In case of a force majeure event, the landlord/owner shall allow the tenant to continue in premises until a period of 01-month from the date of end of such disastrous event, on the terms of existing tenancy agreement. (Source: The Indian Express)
