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Purohit Nod Clears Way For Rent Authority, Court, Real Estate News, Realty Beat

Purohit Nod Clears Way For Rent Authority, Court, Real Estate News, ET RealEstate
CHANDIGARH: UT administrator Banwarilal Purohit has approved adoption of Model Tenancy Act which was approved by the Union Cabinet in June last year.

After considering all objections and suggestions from public, the UT administration had recently finalised it and sent the file to Purohit for final approval. Now after the approval, the UT administration will soon issue a final notification after vetting the same from the legal department.

The UT had started the process to implement the Act in October 2020. It had sought objections and suggestions from public on the draft finalised by the ministry of housing and urban affairs. In June 2021, the Union cabinet had approved the Act.

With the implementation of the Act, a rent authority will be established for regulating renting out of premises and to balance the interests of the owner and the tenant by establishing adjudicating mechanism for speedy dispute redressal.

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