Union Cabinet Approves Model Tenancy Act for Circulation to States and UTs
The Union Cabinet, chaired by prime minister (PM) Narendra Modi, on Wednesday approved the 'Model Tenancy Act' for circulation to all states and Union Territories for adoption, by enacting fresh legislation or amending existing rental laws suitably.
"It (the model act) will help overhaul the legal framework with respect to rental housing across the country, which would help spur its overall growth," an official statement said.
The Model Tenancy Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country, and to enable creation of adequate rental housing stock for all the income groups, thereby addressing the issue of homelessness.
It is intended to enable institutionalisation of rental housing by gradually shifting it towards the formal market.
"The Model Tenancy Act will facilitate unlocking of vacant houses for rental housing purposes. It is expected to give a fillip to private participation in rental housing as a business model for addressing the huge housing shortage," the statement said.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Kamal Garg
1 week ago
(1) The main features of the new law, i.e. Model Tenancy Act - even if at a drafting and model stage- should have been covered and explained in this blog post, rather, than just giving a reference to it which does not convey any meaning to your readers. Your readers will be able to give their views and comments only after the new draft act is available.
(2) And if the Model Tenancy Act gives some draft rent agreement/tenancy/lease agreement, then, this should be available to your readers so that your readers can give their comments and views and contribute towards better and more effective law, both, for landlord and tenant.
2 weeks ago
At present rental housing is the most draconian in India.It is colonial in nature,the landlord is the most affected party.If new act is enacted which should be balanced for all should be enacted and enforced.
Facebook to no longer remove claims that Covid-19 was lab made
IANS 27 May 2021
Facebook will no longer remove claims posted on its platforms that Covid-19 is either man-made or lab manufactured, as US President Joe Biden has called upon intelligence agencies to probe the so-called "lab-leak...
Local Address Proof Not Mandatory for a COVID Patient for Hospital Admission, says Supreme Court
Moneylife Digital Team 03 May 2021
While asking the union government to frame within two weeks a uniform national policy on hospital admissions, the Supreme Court has said that no patient should be denied hospitalisation or essential drugs in any state and union...
Fact Check: Misleading Viral Post Claims Government Insurance Scheme May Be Availed for COVID-19 Deaths
Maya M 28 April 2021
A message is being circulated widely on WhatsApp and other social media with a claim that the benefits under two of the prime minister's (PM's) schemes—the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha...
Co-WIN under Heavy Load of Covid Vax Registrations; No Vaccine Appointment for above 18 Years
Moneylife Digital Team 28 April 2021
Proving all tech experts right, the Co-WIN a platform used by Central government for registration of COVID-19 vaccine and booking appointments, crashed as soon as it started registrations for those above 18 years. Further, for all...
Free Helpline
Legal Credit