Model Tenancy Act Impact on Rentals

Zeebiz.com, 18 July, 2019: Nakul Mathur, MD at Avanta India, said, "The model act looks favourable to both tenants and landlords, but there are some challenges that can be faced, such as the cap on the security deposit, which might turn out to be a pain point for landlords, especially in cities where a multiple-month security deposit is an accepted norm. Another scenario is where the tenant defaults on rent payment or damages the property; then a two-month security deposit might not cover the expenses of repairs or losses to the landlord in case of non-payment of rent." Read full story at: https://www.zeebiz.com/companies/news-model-tenancy-act-real-estate-developers-expect-a-boom-in-the-rental-business-105934