PROPGUIDE − A Complete Property Guide
#happyhome

An Explainer: Rent Court

Loading video...

Description

In India, the rental housing segment has largely been unregulated. This is why this housing segment has remained untapped, despite its huge potential. An absence of strict rules has led to a lot of litigation among landlords and tenants. So, to take care of both the aspects, the Central government has in its draft Model Tenancy Act, 2015, proposed to set up rent courts.

According to the draft, in case of a conflict, landlords and tenants will have to approach rent court, and not civil court. In all tenancy-related disputes, the judgment of these rent courts will be final. These judgments could be challenged only in the Supreme Court.

The rent courts will also be responsible for authorising rent agreements. Each rent court will be having one or more members who will be appointed by the state concerned in consultation with its high court.

It is to be noted that lack of regulations also discourage landlords to give their premises on rent, even as the demand for rental housing increases day by day. After the process to set up rent courts is initiated, India’s rental housing might undergo a significant improvement.

 

Tags: rent, model tenancy act, landlord, tenant, Video, propguide, Rent Court


An Explainer: Rental Yield

PropGuide simplifies complex real estate jargons for you.

October 05 2016

+ Click Here To Read This Article

#Budget2017: 4 Game Changers For Real Estate

A fillip to affordable housing, the shrinking of longterm capital gains tax holding period to 2 years, a change in LTCG indexation date, and the tenant to deduct TDS on rent which is more than Rs 50,000 are a slew of reforms proposed in the budget.

February 03 2017

+ Click Here To Read This Article

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

5 Signs Your Investment Needs Your Help To Get Back Into Action

If you hope to earn a good rental income by investing in a strategically located property, luck might be yours instantly. However, to keep earning good returns, you should keep investing in the property.

February 27 2017

+ Click Here To Read This Article

When Will My Rental Income Actually Start Looking Like Profit?

Most of us invest in the property markets in hopes of earning a solid rental income as soon as we are finished doing the deal. However, depending on several factors, it might take a bit before you start earning healthy returns on your investment.

February 24 2017

+ Click Here To Read This Article

How To Buy A New House Before Selling An Old One

In a buyer’s market, it is better to sell first. And in a seller’s buy first.

October 14 2016

+ Click Here To Read This Article

10 Things Landlords, Tenants Must Know About Draft Model Tenancy Act

PropGuide explains the key provisions in the draft Model Tenancy Act, 2015, which sets the ground rules for rental housing in India.

June 20 2016

+ Click Here To Read This Article

The first phase of a Metro network is already changing the way people commute in Bengaluru. Upon...

It is a myth that NRI’s are interested only in luxury properties in India. Lifestyle choices may...

Coimbatore, the second-largest city in Tamil Nadu, is all set to join the league of cities that are...

Buying a home loan protection plan makes perfect sense in these times of uncertainty. However,...

Goods And Services Taxes (GST): The Rajya Sabha on Wednesday passed the Constitution Amendment Bill...

 Union Budget 2017-18 is being presented by Finance Minister Arun Jaitley today. This Budget...

If you are looking for properties for investment that will see quick appreciation in prices,...

A positive move, provisions for capital gains tax stands tweaked, much to the benefit of the...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top