Madhya Pradesh to get tenancy act to regulate home rentals – ET RealEstate

BHOPAL: In a bid to regularise home renting, the Madhya Pradesh government is bringing about a Model Tenancy Act (MTA).

Like other urbanised states, MP will also have rent tribunals and courts where landlords and tenants can settle disputes, and advance payment will have a fixed formula.

The government has sought suggestions from stakeholders on the draft bill by October 31.

As per the draft, โ€œAfter commencement of MTA, no premises will be rented except by an agreement in writing on mutually agreed terms.โ€

The agreement will be binding on successors of the landlord and the tenant for the remaining period of the tenancy.

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