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Do you know what governs the rentals of your home or how the government prevents a tenant from forceful eviction? The Rent Act, passed by the government in 1948, is aimed at regulating the variegated norms of tenancy and land ownership. Here’s what you need to know about the Rent Act -
Implemented with the primary purpose of consolidating the law pertaining to property rental and eviction of tenant, the Rent Control Act ensured elimination of loopholes that lead to possibilities of deceit. The Act has further been implemented by the State governments with an intent to unify, consolidate and amend the existing law relating to control of rent and to further curb the exploitation of either of the parties due to rent or occupancy.
Features of the Rent Control Act:
The rent control laws are meant to provide for fixation of standard rent and permitted increase in the rentals every year. Some of the salient features of this Act are:
How does the Rent Act safeguard the interests of the tenants?
Offering security to the tenants by restricting the landlord’s power to evict, the Rent Control Act is like a breath of fresh air to the former. Here are the provisions of the Act that safeguard the rights of the tenants:
Is it only about the tenants?
No. Though the Act may majorly be seen as pro-tenant, it also has considerable provisions for the protection of the rights of the landlords. Some of these rights are mentioned as hereunder:
Exemptions of the Rent Control Act
Though the Rent Act is meant to protect the interests of the landlord and the tenants simultaneously, the provisions of the Act shall not apply to: