->Anas1712: +Category:2019 in Indian law; +Category:Property law in India; +Category:Housing finance in India; +Category:2019 in India using HotCat

2021-11-10T12:07:22Z

+Category:2019 in Indian law; +Category:Property law in India; +Category:Housing finance in India; +Category:2019 in India using HotCat

New page

{{short description|Proposed tenancy law}}
{{Use dmy dates|date=November 2019}}
{{Use Indian English|date=November 2019}}

The '''Model Tenancy Act, 2019''' is a proposed tenancy law by the [[Government of India]], designed to overhaul the tenancy market in India.<ref name=":0">{{Cite web|url=https://www.financialexpress.com/money/model-tenancy-act-2019-10-things-about-tenancy-act-every-landlord-and-tenant-should-know/1645789/|title=Model Tenancy Act 2019: 10 things about Tenancy Act every landlord and tenant should know|date=2019-07-16|website=The Financial Express|language=en-US|access-date=2019-10-21}}</ref><ref>{{Cite web|url=https://www.livemint.com/money/personal-finance/is-model-tenancy-act-more-in-favour-of-landlords-or-tenants-1564337559561.html|title=Is Model Tenancy Act more in favour of landlords or tenants?|last=Chakraborty|first=Nilanjana|date=2019-07-29|website=Mint|language=en|access-date=2019-10-21}}</ref><ref>{{Cite web|url=https://indianexpress.com/article/explained/draft-model-tenancy-act-what-govt-proposes-for-house-owners-tenants-5829266/|title=Draft Model Tenancy Act: what govt proposes for house owners, tenants|date=2019-07-15|website=The Indian Express|language=en-IN|access-date=2019-10-21}}</ref>

In the maiden budget speech in 2019, finance minister [[Nirmala Sitharaman]], spoke about creating the Model Tenancy Act to replace the archaic rental laws of the country, stating that "they do not address the relationship between the lessor and the lessee realistically and fairly".<ref>{{Cite news|url=https://www.business-standard.com/article/pf/good-for-tenants-and-owners-model-tenancy-act-takes-checks-most-boxes-119080301054_1.html|title=Good for tenants and owners: Model Tenancy Act takes checks most boxes|last=Jhunjhunwala|first=Sandeep|date=2019-08-03|work=Business Standard India|access-date=2019-10-21}}</ref> The Act seeks to solve the housing availability deficit and contribute to the [[Pradhan Mantri Awas Yojana|Housing for All]] by 2022.<ref name=":0" />

The Act draft is presently under review by the states and union territories.<ref name=":0" />

== Aspects ==
The Model Tenancy Act seeks to implement the following rules:<ref>{{Cite web|url=https://www.livemint.com/money/personal-finance/from-security-deposit-to-rent-hike-what-draft-tenancy-law-proposes-1563282895135.html|title=From security deposit to rent hike, what draft tenancy law proposes|author=Staff Writer|date=2019-07-20|website=Mint|language=en|access-date=2019-10-21}}</ref><ref name=":0" />

# Formation of Rent Authority department.
# Residential housing security deposit is capped at two months and one month for non-residential tenancy.
# Penalty on tenants for refusing to vacate the premises after the tenancy agreement expires or is mutually terminated.
# Landlord must provide access to basic essentials and utilities, and cannot hike the property rent in the middle of an ongoing tenancy term.
# Every executed tenancy agreement has to be reported to the Rent Authority within two months, and a [[unique identifier|unique identification number]] will be issued.
# Terms of the agreement will be binding on the successors of both the landlord and the tenant.
# Tenants cannot sublet the property without permission from the landlord.
# Existing tenancies will not be impacted by the Act.

== References ==
{{reflist}}

== External links ==
* [http://mohua.gov.in/upload/uploadfiles/files/Draft%20Model%20Tenancy%20Act%2C%202019(1).pdf Model Tenancy Act Draft]

{{Indian legislation}}
{{Authority control}}

[[Category:Modi administration]]
[[Category:2019 in Indian law]]
[[Category:Property law in India]]
[[Category:Housing finance in India]]

Model Tenancy Act, 2019 - Revision history

->Anas1712: +Category:2019 in Indian law; +Category:Property law in India; +Category:Housing finance in India; +Category:2019 in India using HotCat