New law towards reforming country’s rental market.
Its key features are:
A tenant will give a maximum of two months’ rent for residential property and a maximum of six months for commercial property as security deposit
A written agreement between the landlord and tenant is mandatory
The landlord cannot revise rent in between the rental period and three months’ notice has to be given before the revision
The landlord is responsible for fixing structural damages to the property and undertaking whitewashing, painting of walls, doors
The tenant is responsible for repairs including kitchen fixtures, glass panels, maintenance of open spaces; must notify the landlord of any damage to the premises on an urgent basis
The landlord cannot evict tenants during the contract period and stop providing essential services such as power and water
The landlord is entitled to double the rent for two months and four times thereafter if the tenant occupies the property even after the termination of tenancy
The tenant can sublet premises only with the prior consent of the landlord
Appointment of a rent authority with the previous approval of the state or the union territory
Setting up of rent courts by states to settle disputes within 60 days of receiving the complaint
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