Assam becomes India’s first state to enact a Tenancy Act after the State Legislative Assembly passed the Assam Tenancy Bill 2021 on Friday.
Sharing the information, minister for housing & urban affairs Ashok Singhal said the Assam Tenancy Act aims at protecting the rights of landlords and tenants.
The Assam government will establish a regulatory authority for providing a speedy resolution of disputes under the Act, minister Singhal said.
“Under the leadership of HCM @himantabiswa, Assam becomes India’s first State to enact Assam Tenancy Act 2021. The Assam Tenancy Act 2021 aims to protect the rights of Landlords & Tenants and will establish a regulatory authority for providing a speedy resolution of disputes,” minister Singhal tweeted.
Under the leadership of HCM @himantabiswa, Assam becomes India’s first State to enact Assam Tenancy Act 2021.
The Assam Tenancy Act 2021 aims to protect the rights of Landlords & Tenants and will establish a regulatory authority for providing a speedy resolution of disputes. pic.twitter.com/7a00MJbadb
— Ashok Singhal (@TheAshokSinghal) August 13, 2021
With the enactment of this Act, the Assam Urban Areas Rent Control Act, 1972 stands repealed thereby making the state first in India to establish a rent authority to regulate renting of premises and to protect the interest of landlords and tenants.
The government said the Assam Tenancy Act 2021 will provide a speedy adjudication mechanism for the resolution of related disputes and matters.
There will be no artificial cap in fixing the rent of a premise.
The rent of a building will be market-driven and will be determined by a mutual agreement between the tenants and landlords said the Act will simplify and make faster the procedure of redressing disputes between tenants and landlords, the government said.