What Are the New Rules for Landlords in India 2024?
The rental landscape in India has seen significant changes over the years, and the year 2024 has brought a fresh set of rules aimed at balancing the rights and responsibilities of landlords and tenants. The Model Tenancy Act, which aims to streamline and modernize the rental process, has been adopted by several states, influencing how rental agreements and disputes are handled across the country. These new rules, introduced by the government, ensure transparency, fairness, and security for both landlords and tenants. Overview of the New Rules for Landlords in India The Model Tenancy Act of 2021 laid the groundwork for reform in rental laws across India. By 2024, many states have adopted the Act with slight modifications, leading to significant changes for landlords. The rules aim to encourage more people to rent out their properties while protecting tenants from arbitrary rent hikes and unfair evictions. 1. Mandatory Written Rental Agreement One of the key provisions in the new rules...