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With reference to the Model Tenancy Act, consider the following statements:
1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.
2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to the Model Tenancy Act, consider the following statem...
The Union Cabinet has approved the Model Tenancy Act for circulation to all States / Union Territories for adaptation by way of enacting fresh legislation or amending existing rental laws suitably. It will help overhaul the legal framework with respect to rental housing across the country.
Salient features of the act:
- The government had first released the draft of the MTA in 2019. The Act aims to bridge the trust deficit between tenants and landlords by clearly delineating their obligations.
- Besides, The Act is expected to give a fillip to private participation in rental housing as a business model for addressing the huge housing shortage.
- The Model Tenancy Act will provide a model for urban and rural properties, as well as a template for residential and commercial properties.
- In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.
- A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.
- The tenant cannot sublet a part of or the whole property to someone else.
- If the tenant fails to vacate the premises on the expiration of the period of tenancy or termination of tenancy, the landlord is entitled to double the monthly rent for two months and four times after that.
- the landowner would give a notice in writing three months before revising rent. The landlord cannot hike the rent in the middle of the tenure.
- Hence both statements are correct.
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With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Solutions for With reference to the Model Tenancy Act, consider the following statements:1. In case of dispute between landlord and tenant, a rent authority, or a rent court would be available for speedy resolution.2. A tenant will have to submit a security deposit of two months for residential premises. For commercial property, a tenant will have to pay six-month rent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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