New Rental Laws: Security Deposit Limits and Entry Rules

The new rental laws in India, based on the Model Tenancy Act, 2021, have several important changes.

Tenants now have to pay a security deposit of only two months' rent for residential properties and six months' rent for non-residential properties.

Landlords must give tenants a 24-hour notice before entering the property for repairs or inspections.

Both landlords and tenants must report their rental agreement to the District Rent Authority within two months.

The laws also specify who is responsible for repairs and maintenance.

Several states, including Maharashtra and Karnataka, have adopted these new rules.

These changes aim to make renting fairer and more formal for both landlords and tenants.