New Rent Control Act to be passed in Kerala


Thiruvananthapuram, Dec. 3:

Finance Minister K.M. Mani on Monday said that the State Government would make registration of rent agreement mandatory under the Rent Control Act to be introduced soon.

Addressing a conference of various organisations representing trade, building owners, and tenants here, Mani said the draft legislation would be introduced as soon as it gets the green signal of the Cabinet. He said there would be provisions in the new Act making rent agreement between the owner and the tenant mandatory, besides providing for 20 per cent increase in lease rent once in three years.

He said all buildings that did not have a lease agreement would be given one year’s time to get one on the basis of the consensus between the owner and the tenant. An arbitration committee would be set up to settle disputes relating to this.

If this mechanism fails, the parties can take legal recourse. Details of all registered lease agreements should be intimated to the nearest police station.

Mani claimed that it was for the first time that a Bill was being contemplated on the basis of all-round consensus. The representatives of All-Kerala Building Owners Association, Vyapari Vyavasayi Ekopana Samithi, Rental Entrepreneurs National Trust, Rental Building Owners Association, Confederation of Real Estate Developers Associations of India (Credai) participated in the conference. Housing Secretary T.O. Suraj and other senior officials attended the meet.

About these ads

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s