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The Silicon Review Asia

Tenants in Bengaluru are stoked with the new Model Tenancy Act

Tenants in Bengaluru are stoked with the new Model Tenancy Act

Property owners in Bengaluru are unhappy with the Model Tenancy Act. It is well-known that searching for a property for rent in Bengaluru can be a tiresome task. Even if you manage to find a house to rent, it can be very challenging to deal with the house owners as there is an unwritten rule to pay ten month’s rent as a deposit for the house. There are certain miscellaneous expenses that will be deducted. Tenants were looking forward to the implementation of the Model Tenancy Act in Karnataka because with that, they can get a house for rent by paying just two months’ worth of rent in advance.

Recently the Act was approved by the Union Cabinet, and it was sent to all states for implementation and amendment of existing rental laws. Naresh Pawar from Bengaluru stated that the advance amount is so high that people are taking loans to pay them. In the case of commercial properties, the advance amount is 3 or 5x higher. People who want to start a business in the city are finding it very difficult because the advance is high. Owners are unhappy with the new bill because there are few tenants who refuse to pay rent on time.

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