Tenancy Agreements: Meaning, Types And Legal Protection
Hero Housing Finance Ltd22 Oct, 2024Finance
The tenancy agreement is a legal contract between the property owner and the person renting the building or land. It provides the norms and regulations that each party to the contract must follow. The Model Tenancy Act (MTA) was introduced by the Government of India in 2021 as a framework for modernizing rental laws across the country. It is intended to standardize and simplify rental agreements, making the rental market more transparent and efficient.
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