What Is Maharashtra Rent Control Act? | Must Know Series By RealtyNXT
Автор: RealtyNXT
Загружено: 2021-06-21
Просмотров: 7764
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In Maharashtra, earlier the rents were determined under the guidelines of three bills( Bombay Rents, Hotel and Lodging House Rates Control Act, 1947, the Hyderabad Houses (Rent, Eviction and Lease) Control Act, 1954 and the Central Provinces and Berar Regulation of Letting of Accommodation Act, 1946).
But the citizens of Maharashtra weren't satisfied and, for that, the state government felt the need to regulate rental housing. So they introduced the Maharashtra Rent Control Act in 1999 to 'unify and consolidate' rental housing and also to 'encourage the construction of new houses by ensuring a fair return on investment by landlords'.
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