Draft Act has little room for owner-tenant fights
- Draft Model Tenancy Act tries to balance the rights and interests of owners, tenants
- The draft Act proposes to cap security deposit to a maximum of two months’ of rent for residential houses
Renting a house in most Indian cities is usually difficult for people, especially millennials and those who have just started working, due to the high security deposits and other conditions that owners place. But that does not mean owners land the sweeter deal. Giving your house on rent usually is a huge risk, given innumerable cases of squatting and tenants causing damages to the property. Recognizing the problems at both ends, the Model Tenancy Act, 2019, drafted by the ministry of housing and urban affairs, tries to strike a balance between the interests and rights of the tenants as well as the owners. We take you through its proposals and the issues it seeks to address.
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