Explanation:

The Model Act lays down the obligations of tenants and landlords, and provides for an adjudication mechanism for disputes.
It is intended to be an Act “to balance the interests of owner and tenant by establishing adjudicating mechanism for speedy dispute redressal and to establish Rent Court and Rent Tribunal to hear appeals and for matters connected” to rental housing.
Its stated aim is to promote the creation of a rental housing stock for various income segments including migrants, formal and informal sector workers, students, and working professionals, mainly through private participation.
The Act mandates that no person will let or take any rental premises without an agreement in writing, in both urban and rural areas. Within two months of executing such an agreement, the land owner and tenant are required to intimate the Rent Authority, who will issue a unique identification number to both parties. Agreements can be submitted through a dedicated digital platform.