Which of the following statements is/are correct with reference to the Model Tenancy Act?
A. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.
B. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.
C. Both A & B
D. None of these
Explanation:
The Union Cabinet approved the Model Tenancy Act for circulation to all States / Union Territories for adaptation by way of enacting fresh legislation or amending existing rental laws suitably. The government had first released the draft of the MTA in 2019. The Act aims to bridge the trust deficit between tenants and landlords by clearly delineating their obligations. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent. The tenant cannot sublet a part of or the whole property to someone else.
