New law to be enacted for tenants and house owners, drafts prepared!

New Delhi: The Modi government is all set to introduce the Model Tenancy Act to boost rental housing in the country. This Act will be effective for both house and shop renters and buyers. According to this, the landlord will not be able to ask for more than two months as security deposit from the tenant. A draft of the new law has been prepared to keep in mind the interests of both the landlord and the tenant.

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