Draft Model Tenancy Act

Question 1

Which Ministry has released this ?

Answer 1

Ministry of Housing and Urban Affairs

Question 2

Aim ?

Answer 2

To regulate rental housing through Market oriented approach

Question 3

Features ?

Answer 3

1) Obligations on tenants and landlords
2) Establishment of Rent Court and Rent Tribunal
3) Increased Transparency and Accountability

Question 4

Mandates ?

Answer 4

1) No person will let or take any rental premises without an agreement in writing
2) Security deposit to be paid by tenant shouldnt exceed 2 months rent for residential property
3) For non residential property , it should be a min of 1 months rent