Model Tenancy Act

The Union cabinet on June 2, 2021 approved the Model Tenancy Act for circulation to the States and Union Territories for adoption. It seeks to facilitate unlocking of vacant houses for rental housing purposes.

India’s home rental programme for migrant workers needs more nuance and ambition

The affordable housing rental complex (AHRC) scheme acknowledges the needs of mobile workers who spend short periods of time in the city and do not seek permanent housing. Applying what we know about migrant work and the development sector will help India to realise AHRC's potential.

Real estate market to touch $1 trillion by 2030, housing demand revives despite COVID-19: Housing secretary

Mishra said states have been asked to implement the Model Tenancy Act, which was passed by the Union Cabinet in June, at the earliest.

Model Tenancy Act may need tweaks to enhance practicality

The impact of this Act may vary depending on the prevailing regulatory infrastructure around the rental market in every city

Model Tenancy Act’s definition of force majeure appears restrictive by excluding pandemics

Given the experience faced by occupants of commercial and rental property following the COVID-19 outbreak, the definition of force majeure in the act should be broadened to specifically cover pandemics and make the law more purposeful for tenants, say experts

Model Tenancy Act expected to help improve rental yields over the medium to long term: ICRA

Indonesia has a rental yield of 8.5%, amongst the highest in the world followed by Cost Rica at around 7%. Ireland and Columbia command a rental yield of around 6% and Bulgaria is around 5%, the analysis said

Model Tenancy Act: Fulfilling India’s rental housing potential

If incentives are put in place, developers might gradually adopt the Build-to-Rent model. As the sector matures, institutional investors will also start funding multi-family projects aimed at millennial families

Model Tenancy Act will formalise and expand the rental market

Retail real estate could see a similar kind of investment as in commercial leases, provided the laws are in place and rental yields are meaningful 

Explained: How Model Tenancy Act impacts landlords & tenants

The Union Cabinet has approved the Model Tenancy Act on June 2, 2021, with an aim to revamp the legal framework with regard to rental housing across the country. The act aims to overhaul the legal framework for house renting, open up the vacant housing stock for rental housing purposes, and help bridge the trust deficit that exists between tenants and landlords by clearly delineating their obligations. Karunya Rao decodes its impact on tenants as well as landlords.

Model Tenancy Act: What it means for you, how it will help, and other questions answered

Real estate experts say that the Act can fuel the rental housing supply pipeline by attracting more investors, and more rental housing stock will help students, working professionals and migrant populations to find urban accommodation, especially in COVID-19-like exigencies.

Union Cabinet approves Model Tenancy Act

As per the memorandum of understanding signed between the states and union territories under PMAY-U, the states and union territories would legislate or amend the existing rental laws on the lines of the Model Tenancy Act

Model Tenancy Act likely to be approved by March: Housing secretary

The ministry floated the draft model tenancy law in July 2019. It proposes to establish an independent authority in every state and Union Territory for registration of tenancy agreements and even a separate court to take up all tenancy-related disputes.

Model Tenancy Act to create rental housing stock that will help students, professionals and migrants

While draft proposals have been widely welcomed, their implementation will be so simple. The act will not be binding on the states, as land and urban development remain state subjects.

Model Tenancy law will be placed before Cabinet for approval soon: Housing Secretary

The government will also bring out detailed guidelines on Affordable Rental Housing Complexes (ARHC) for urban poor and migrants

44,000 cases registered with RERA so far, 23,000 disposed of: Housing Secretary

Finance minister is contemplating to set up stress fund for various infrastructure sectors, including real estate and power, Mishra said at the 15th National Convention of NAREDCO - Housing for all 2022

Model Tenancy Act 2019 may impact co-living and student housing segments

While it still needs to be seen how the Act impacts the co-living and student housing space, the parity in the rent deposit structure may bring co-living and traditional leases in line with each other