THE NEW RENT CONTROL ACT, 2001
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The old Karnataka Rent Control Act 1961 had expired on 31.12.1999. The new Karnataka Rent Control Act 2001 has now been passed. No provision in the new act shall apply to any residential property where the monthly standard rent is Rs. 3500 within the town planning limits and Rs. 2000 per month in other areas. This act shall also not apply to any commercial property which has a plinth area of more than 150 sq. ft. The act is not applicable to properties which are less than 15 years old.
What this means is that in the bigger cities like Bangalore, the provisions contained in The Transfer of Property Act shall apply in all cases of lease. The termination of lease is now bound by contract between the parties and not by law. Upto now, the law had defined the conditions whereby a landlord can evict his tenant. Under the new act, protection of tenants against eviction by statute is now applicable only for properties having low rental values and for
