MODEL TENANCY ACT GETS UNION CABINET NOD After releasing the draft in 2019, the Union Cabinet on Wednesday approved the Model Tenancy Act (MTA) to streamline the process of renting property in India and aid the rent economy in the estate sector. It will apply to premises let out for residential, commercial, or educational use, but not for industrial use. It also won’t cover hotels, lodging houses, inns, etc. It will be applied prospectively and will not affect existing tenancies. The authority will provide a speedy mechanism in resolving disputes and other related matters. It will help overhaul the legal framework with respect to rental housing across the country. It will enable creation of adequate rental housing stock for all the income groups thereby addressing the issue of homelessness. Reddy& Reddy Law Firm is one of the promising law firms in Pune dealing with varied matters and having an experienced team of legal professionals.