NITI Aayog is set to introduce model law on land lease

Q: This model law will offer flexibility to land owners and tenants to decide on the term of lease and rent.

Akash Kanojia, Delhi

4th April 2016

Legal in Delhi

tenants

niti aayog

model law on land leasing

land owners

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Not only this Richa, this will also open up way to the provision of land for industrialization, which is fully within the state's jurisdiction and allow the landowner to retain ownership of land. It is a significant step after the Land Acquisition Act of 2013 that got stuck in Parliament.

Kunal,

4th April 2016

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Hi Kunal,
This whole idea is to simplify procedures for government to take land on long-term lease while the landowners keep ownership of land, earn an assured return and retain the option to renegotiate the terms once the initial terms of the lease expires.

Richa, Delhi

4th April 2016

Even i think so. It may also help tenants secure their short-term credit and other services on the basis of a simpler lease agreement. The existing tenancy laws, most of which are decades old, allow transfer of ownership rights to the tenant while either prohibiting or heavily discouraging leasing and sub-leasing of land.

Kunal,

4th April 2016

Because of this model law, the Centre and state governments will now be able to implement their policies efficiently in the presence of transparent land leasing law.

Richa, Delhi

4th April 2016

Hi Akash,
What i think is this model law will not only improve agricultural efficiency but also quicken the pace of industrialization. This will offer flexibility to land owners and tenants to decide on the term of lease and rent.

Sukhpreet, Delhi-NCR

4th April 2016

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