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, “After commencement of MTA, no premises will be rented except by an agreement in writing on mutually agreed terms.”

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

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