Union Cabinet approves Model Tenancy Act
The Hindu
The Union Cabinet on Wednesday approved the Model Tenancy Act, a move that will help overhaul the legal framework with respect to rental housing across the country.In a statement, the government said
The Union Cabinet on Wednesday approved the Model Tenancy Act, a move that will help overhaul the legal framework with respect to rental housing across the country. In a statement, the government said that it is expected to give a fillip to private participation in rental housing as a business model for addressing the huge housing shortage. “The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Model Tenancy Act for circulation to all states/union territories for adaptation by way of enacting fresh legislation or amending existing rental laws suitably,” the statement stated.
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