Model Tenancy Act: Karnataka to implement act soon
Real Estate

Model Tenancy Act: Karnataka to implement act soon

On Tuesday, R Ashoka, Karnataka Revenue Minister, told the media that the state is planning to adopt the central government's Model Tenancy Act, aimed at ending the continuous tenant-owner conflicts besides strengthening the rental housing sector.

After analysing revenue department schemes here, Ashoka informed the media that the state government aims to simplify the existing Tenancy Act.

He said that it is still at a proposal stage, and they are also anticipating feedback from the public before officially launching this in the state.

Additionally, he said that earlier, the state government had a part in deciding the rent, but with the new Act, the state government now intends to suggest that the rent should be fixed by both the parties - owner and tenant. He explained that arriving at an agreement they will have to finalise it legally and upload it onto the government's portal.

The minister said that maximum house owners, especially in Bengaluru, urge tenants to pay 10 months of rent in advance. He said that owners cannot ask for rent for more than two months in advance if the new tenancy law is adopted.

As per the minister, the Act gives supremacy to the rental agreement and specifies the formation of a Rent Authority to address conflicts.

Additionally, he said that in case of any dispute, the concerned officials would solve it in 60 days.

Ashoka claimed that the conflicts would get settled in 60 days, and in case anyone intends to delay the hearing, there won't be more than three hearings.

The minister explained that they hope that once the Act is adopted, owners would get their tenants while the rents may also decrease.

Image Source


Also read: Model Tenancy Act to make an effective rental market place in India

Also read: Model Tenancy Law opens up for NRI real estate investors

On Tuesday, R Ashoka, Karnataka Revenue Minister, told the media that the state is planning to adopt the central government's Model Tenancy Act, aimed at ending the continuous tenant-owner conflicts besides strengthening the rental housing sector. After analysing revenue department schemes here, Ashoka informed the media that the state government aims to simplify the existing Tenancy Act. He said that it is still at a proposal stage, and they are also anticipating feedback from the public before officially launching this in the state. Additionally, he said that earlier, the state government had a part in deciding the rent, but with the new Act, the state government now intends to suggest that the rent should be fixed by both the parties - owner and tenant. He explained that arriving at an agreement they will have to finalise it legally and upload it onto the government's portal. The minister said that maximum house owners, especially in Bengaluru, urge tenants to pay 10 months of rent in advance. He said that owners cannot ask for rent for more than two months in advance if the new tenancy law is adopted. As per the minister, the Act gives supremacy to the rental agreement and specifies the formation of a Rent Authority to address conflicts. Additionally, he said that in case of any dispute, the concerned officials would solve it in 60 days. Ashoka claimed that the conflicts would get settled in 60 days, and in case anyone intends to delay the hearing, there won't be more than three hearings. The minister explained that they hope that once the Act is adopted, owners would get their tenants while the rents may also decrease. Image Source Also read: Model Tenancy Act to make an effective rental market place in India Also read: Model Tenancy Law opens up for NRI real estate investors

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code