Uttar Pradesh cabinet approves tenancy ordinance

The Uttar Pradesh cabinet has approved the decision to bring in the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance 2021. The provisions of the ordinance will lead to a reduction in tenancy disputes and in older cases rents can be revisited. Once the ordinance is promulgated, the signing of a contract will become compulsory to rent out a property. This will safeguard the interests of both, the property owner and the tenant. 

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