The Model Tenancy Act, 2021

The Model Tenancy Act, 2021, aims to create a transparent and efficient rental housing ecosystem in India. It establishes Rent Authorities to regulate renting of premises, protect the interests of both landlords and tenants, and provide a speedy mechanism for resolving disputes.

This act formalizes the rental market by making written agreements mandatory, clearly defining the rights and obligations of both parties, and putting a cap on the security deposit.