Upload
[email protected]
View
3
Download
0
Tags:
Embed Size (px)
Citation preview
How the Rent Control Act Safeguards the Interests Of Tenants And Landlords
The Rent Control Act is one that every tenant and every landlord must know about. All activities
related to tenancy-- a landlord letting out their home on rent, or a tenant occupying a rental
home--fall under the ambit of the Rent Control Act. The purpose of the Rent Control Act is to
close any loopholes between rental transactions and to settle any disputes that may arise
between the two parties—licensor/landlord and licensee/tenant.
Every state in India has its own version of the Rent Control Act. For example, rental transactions
in Delhi are governed by the ‘Rent Control Act 1958’, while those in Maharashtra are governed
by ‘Rent Control Act 1999’. The idea behind the Rent Control Act is to provide both tenants and
landlords with a sense of security, while also restricting the possibilities of unfair conduct and
eviction of tenants by landlords.
The following are the main features of the Rent Control Act:
• The Rent Control Act imposes a set of laws applicable to landlords when it comes to renting out
their property. This aids prospective tenants in identifying a suitable and secure rental
accommodation.
• In order to prevent landlords from charging unfair or unreasonable rentals, the Act imposes fair
and standardized ranges for rentals, above which the landlord cannot quote a rental fee.
• It safeguards the tenant against unfair eviction from the property and as well as from other acts
of discrimination.
• It lays emphasis on the landlord’s responsibilities towards the tenant, in the context of the
maintenance of the rented property.
• In addition to safeguarding the rights of the tenant, the Rent Control Act also clearly defines the
rights of the landlord and their power over tenants who misuse the property or do not pay the rent
on time.
The Rent Control Act—Safeguarding the Rights of the Tenant
The Rent Control Act serves the important purpose of safeguarding the tenant’s rights and
interests in the event of an eviction. The Act has many provisions that have been designed to
protect the interests of tenants who are being evicted or denied a service on the property, without
a just or reasonable cause.
Additionally, the Act also states that it is the responsibility of the landlord to register the leave and
license agreement. In case the landlord does not register the agreement with the tenant, the
tenant’s contentions will prevail over the landlord’s in the event of a conflict or disagreement. The
Act also makes it compulsory for the landlord to issue a written receipt upon every payment
made by the tenant .The failure to provide a written receipt for the payment is a punishable
offense. In the unlikely event of the tenant’s death, the written receipt must be issued in the name
of a family member of the tenant.
The Rent Control Act—Safeguarding the Interests of the Landlord
The Act states that a landlord can recover the possession of their rented property under the
circumstances that they require the premises for a bona fide purpose. The Act also states that in
case the tenant has available an alternate accommodation, then the landlord can enforce their
right to recover their rented property.
In case the rented property is an old or dilapidated condition, then the Act permits the landlord to
recover the property for the purpose of reconstruction or renovation in keeping with the relevant
laws pertaining to the same.
The Rent Control Act has many provisions to safeguard the interests of tenants and landlords.
However, there are some instances when the Act is not applicable. House for Rent Control Act
does not cover any property that has been let or sub-let to banks, public sector undertakings, or
any corporation established by or under any state or central act, or foreign missions,
multinational companies, international agencies. The Act also does not apply to premises that
have been let out to private limited and public limited companies with a share capital of over Rs.
1crore.
Whether you’re a tenant or a landlord, it’s most important to make an informed decision about
where to stay and whom to let out your property to. RentXZ.com is India’s 1streal estate portal to
be driven by customer-generated content with detailed ratings and reviews of localities, tenants
as well as specific rental accommodations.