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Showing posts with the label Model Tenancy act 2021

Model Tenancy act 2021

What is this act all about weather at really proposes a complete overhauling of the legal framework of rental housing across the country. Many have even called it a game changer it was of course approved by the government of the 2nd of June 2021 and the new law is a Model Law which basically means it has been prepared with the objective balancing but that's what the definition is in the law that has been floated that it is to balance out the interests and rights of both landlords and tenants and to establish an ethical and fair system for renting the properties in a disciplined and more efficient manner. Why is it called a model act and what does it really mean? Model Tenancy Act 2021 provides a pattern or the policy that States and Union territories can adopt completely with changes or even not adopt at all how come well the reason behind that is that issuing such a model act and not passing a binding law is that the parliament cannot pass the binding law in the scale and rememb