However, given the centre of gravity of the new rent law, which focuses on simplification and simultaneous compliance with the interim tenancy agreement, the law is expected to increase the potential for rental assets and rapid redress in the event of litigation. The TNRRRLT Act came into force on February 22, 2019 and the law also governs and mandates leases executed prior to the enactment of this law. It must be registered with the rental authority within 90 days. All leases must be stamped in accordance with section 35 of the Indian Stamp Act, 1899. The Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act 2017 was passed under the Indian government`s Model Rent Act. The Act repeals the Tamil Nadu Buildings (Lease and Rent Control) Act of 1960. The new legislation aims to regulate the rent of buildings under the terms of the lease agreement signed by landowners and tenants and to protect the interests of landowners and tenants in the event of a dispute. (a) a written agreement has already been reached, it is communicated to the rental authority; The new rent law requires that all leases be written and registered with the rental authority. This is in addition to the registration of leases under the Indian Registration Act, 1908 (Registration Act). The non-registration of leases is similar to section 49 of the Registration Act, i.e. unregistered contracts do not create rental rights in the premises for the benefit of tenants and that such leases should not be considered as evidence of transactions affecting premises or conferring rights. The rental authority has the power to assess landlords and tenants` disputes such as fixing or over-reviewing the rent in accordance with the agreement, to make an application, to issue appropriate orders for the restoration of essential services and to decide on the termination of the lease. Therefore, this measure will only pave the way for cost-cutting and, most importantly, the time it takes to resolve disputes.
b) transfer or cede rights to the lease or part of it. The objective is to regulate the rent according to the terms of the contract (ii) if the landlord and the tenant do not have an agreement on the rent to be paid in point a), the lessor has the possibility to terminate the tenancy agreement in accordance with point (a) of subsection (2) of Section 21. Previously, landlords and tenants had contractually granted these rights under leases, but the new right of tenancy provides for a legal right. In addition, the new rent law grants legal recognition to property managers who are responsible for the management and maintenance of rental premises by the landlord. The roles of property managers are defined to include: a) rent collection; b) inspection of premises; (c) maintenance and repair work; and (d) issuing communications on behalf of the owner. The powers of the rental authority are administrative in nature, such as registering agreements, loading on the website (www.tenancy.tn.gov.in), indicating a rental registration number (T.R.No), etc. In addition, the rental authority has the power to assess disputes by landlords and tenants such as (a) excessive rent fixing or revision in accordance with the agreement; b) conduct an investigation and execute appropriate mandates for the restoration of essential services; and (c) the decision to terminate the lease, etc.