Draft tenancy law: Cap on security deposit, fine on overstaying tenant

Tenants who overstay in premises beyond their agreement would end up paying two times the rent for the first two months and four times afterwards

Unable to find a good house to rent in urban areas? Soon, millions of new properties could be up for renting as the Centre has proposed a model tenancy law to regulate renting of houses. 

Finance Minister Nirmala Sitharaman, while presenting the 2019 Union Budget, announced that a model tenancy law will soon be finalised. The current tenancy laws are "archaic" as they do not address the relationship between the lessor and the lessee fairly, she had said.

The model tenancy law is aimed at