Cabinet Approves Model Tenancy Act To Overhaul Rental Housing
The Union Cabinet has approved the Model Tenancy Act, 2021 that aims to modify the legal framework of rental housing across India. Consisting 47 sections and two schedules, the act focuses upon securing the "interests and rights of both the landlord and tenant" by making tenancy agreement compulsory. The government, through this act, eyes to move towards fulfillment of PM Narendra Modi's vision of 'Housing for All' by 2022.