Categories: Business

Model tenancy law to be approved within a month says Housing secretary

Photo: FILE

Model tenancy law soon

new Delhi. The government says that in the next one month, the Model Rent Act will be approved and then it will be sent to the states and union territories so that they can enact laws in their states based on it and implement it. This step is being taken with the aim of promoting rental housing. Housing and Urban Affairs Secretary Durga Shankar Mishra gave this information on Wednesday. Addressing a webinar organized by the Commerce and Industry Organization Assocham on the housing sector, he said that the Center will encourage states and union territories to adopt this model law. He is expected to pass necessary laws in this regard in the next one year by the states. Mishra said, "We are bringing a huge improvement. We are changing the rent law. ”The Secretary said that the current rent laws in various states have been enacted to protect the interests of tenants. He said that 1.1 crore houses are lying vacant in the country, because people are afraid to rent them. Mishra said, his ministry will ensure that within one year every state makes necessary provisions to implement this model law.

He said, "We hope that after the enactment of this law, 60-80 percent of the vacant flats will come in the rental market." He said that real estate developers could not sell their houses in rental accommodation can change. The ministry released a draft Model Rent Act in July 2019, proposing that landowners have to give notice in writing three months before the rent is amended. In this, it has been advocated to appoint District Collector as Rent Officer and to impose heavy penalty on tenants in case of more than time. Regarding the recently introduced affordable rental housing complex scheme, Mishra said that the objective of the program is to convert millions of flats owned by the Center and states into rental accommodation for migrant workers at very cheap rent. Finance Minister Nirmala Sitharaman announced the affordable rent housing complex scheme as part of an economic package of over Rs 20 lakh crore to tackle the Kovid-19 crisis. The Housing Ministry has issued guidelines last month to implement the scheme in the country.

This post was published on August 26, 2020 11:53 pm

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