Tenants should only pay 3 months advance as per The Draft Model Tenancy Act, 2015
Posted on: 22/Feb/2016 11:31:48 AM
The Tamil Nadu State Government has agreed to implement the Centre`s The Draft Model Tenancy Act, 2015 in the State. As of now the landlords collect exorbitant amount from tenants towards security deposit.
Now as per the new rule the security deposit charged from the tenant will be capped at three times the monthly rent, which is currently charged more or less on an ad hoc basis. The Draft Model Tenancy Act, 2015, is an improvement on its obsolete predecessor, the Rent Control Act, 1948.
As per the draft, a rent ceiling will be fixed in consultation with the State government to avoid arbitrary hikes. Besides this, landlords will not be able to evict tenants as per their whims and fancies, as there will be a written agreement. Another plus point for tenants is that they can claim a reduction in rent if the quality of services available to them deteriorates in any way.
