LUCKNOW: The state cabinet on Friday cleared the Uttar Pradesh Regulation of Urban Premises Tenancy Ordinance, 2021 which seeks to safeguard rights of both the property owner and the tenant.
Under The New Law A Rent Agreement is a must for a property to be given on rent. A rent authority will be set up and any new rent agreement will have to be registered with it. The authority will issue a unique identification number and within seven days of receiving an agreement, will upload details of the tenant on its website. Details of tenants may not be shared with the authority if the duration of the tenancy is less than 12 months.
The tenant and the property owner will jointly decide the duration of the tenancy and any renewal of the agreement. The points mentioned in the agreement will continue to be applicable on the successor of both the tenant and property owner in the case of death of one or both.
The new law lays down responsibilities of the property owner, increase in rent on renewal of lease, details of the rent authority which will consider cases of dispute etc.
“Once this law is in place, there will be much more clarity in the agreement between the tenant and property owner and therefore, there will be no scope for petty disputes or at least, there will be much more clarity on several issues. For instance, the law will make it clear whose responsibility it will be for painting, paying maintenance, water, power bills etc,” said a government official.
Industrial Development Authority PM Awas Yojana Implementation Policy
In another decision, the cabinet cleared the Industrial Development Authority PM Awas Yojana Implementation Policy under which the PMAY will now also be implemented in areas owed by development authorities. Under this, each project should have a minimum of 250 houses with at least 35% of the land reserved for low income housing.
UP Defence & Aerospace Unit & Employment Generation Policy Amendment
The cabinet has decided to extend the benefits under the policy to MSMEs and start-ups investing in defence and aerospace sectors for the first time. The policy makes it imperative to use land allotted only for activities defined under the policy, failing which land allotment will stand cancelled. Any benefits like rebates and subsidies provided before cancellation of allotment will be settled against the bank guarantee.
Free land for Nishad Raj Park
The cabinet approved a proposal to provide free land for the development of a Nishad Raj Park in Shringverpur near Lucknow The park is being built in an area of 5,600 sq m at a cost of Rs 15 crore and is expected to be a huge tourist draw in the area.