{"id":7962,"date":"2019-07-12T16:17:23","date_gmt":"2019-07-12T10:47:23","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=7962"},"modified":"2019-07-12T16:17:23","modified_gmt":"2019-07-12T10:47:23","slug":"draft-model-tenancy-law-proposes-cap-on-security-deposit-appointment-of-rent-authority","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/draft-model-tenancy-law-proposes-cap-on-security-deposit-appointment-of-rent-authority\/","title":{"rendered":"Draft model tenancy law proposes cap on security deposit, appointment of rent authority"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>The Union Housing and Urban Affairs Ministry has\nput the draft of &#8216;The Model Tenancy Act, 2019&#8217; in public domain.<\/li><li>It must be noted that this is only a model act\nbecause since land is a state subject, states have the right to either adopt it\nor reject it.<\/li><li>The aim of the Act is to balance the interest\nand rights of both the owners and tenants. It seeks to create an accountable\nand transparent ecosystem for renting the premises<\/li><li>The draft law proposes to set up Rent authority\nin every state for the registration of all tenancy agreements. It has also\nproposed to set up a separate Rent court and Rent Tribunal for resolving\ntenancy-related disputes.<\/li><li>The rent authority will be headed by a deputy\ncollector-rank officer, and will be set up by district collectors with the\napproval of the respective state governments.<\/li><li>The law states that both landlord and tenant\nwill have to submit a copy of rent agreement to the district Rent Authority.<\/li><li>The draft law has also proposed hefty penalty\nfor tenants who fail to vacate the rented property after their tenancy has been\nterminated by order, notice or as per agreement.<\/li><li>The law also states that the landowner has to\ngive a notice in writing three months before revising rent.<\/li><li>The model law has also fixed the security\ndeposit to be paid by the tenant in advance, which will be a maximum of two\nmonths\u2019 rent in case of residential property, and a minimum of one month\u2019s rent\nin case of a non-residential property.<\/li><li>According to the proposed law, a landowner\ncannot cut power and water supply in case of a dispute with the tenant.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Union Housing and Urban Affairs Ministry has put the draft of &#8216;The Model Tenancy Act, 2019&#8217; in public domain. It must be noted that this is only a model act because since land is a state subject, states have the right to either adopt it or reject it. The aim of the Act is&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/draft-model-tenancy-law-proposes-cap-on-security-deposit-appointment-of-rent-authority\/\">Continue reading <span class=\"screen-reader-text\">Draft model tenancy law proposes cap on security deposit, appointment of rent authority<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1234],"tags":[7134],"class_list":["post-7962","post","type-post","status-publish","format-standard","hentry","category-polity-current-affairs","tag-draft-model-tenancy-act","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704761218},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/7962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=7962"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/7962\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=7962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=7962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=7962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}