Model Tenancy Act: Real Estate developers expect a boom in the rental business
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Model Tenancy Act: Real Estate developers expect a boom in the rental businessOverview
Zeebiz.com, 18 July, 2019: Nakul Mathur, MD at Avanta India said, “The model act looks favorable to both tenants and landlords but there are some challenges that can be faced such as the cap on the security deposit might turn out to be a pain-point for landlords especially in cities where a multiple month’s security deposits is an accepted norm. Another scenario is where 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.”
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