Weekly Industry News

Govt aims to introduce Residential Tenancy Act in 2 years

Weekly Industry News

The government aims to introduce a Residential Tenancy Act in the next two years, targeted at protecting the interests of landlords and tenants, while facilitating the growth of the rental housing sector in the country.

National Housing Department senior principal assistant director Noorihan Abd Halim said the government is currently studying details of the proposed Act, with the first phase of the review forecast to be completed this year.

The proposed Act comes under the National Housing Policy (2018-2025) and is expected to be tabled in the Dewan Rakyat in 2020.

Noorihan said the drafting process will be completed in two years, which will include standard operating procedures and provisions for landlords and tenants.

“The proposed Act would basically cover tenants and landlords. As of now, there is no tribunal of any sort to hear tenant-landlord disputes,” she said at the Constructing and Financing Affordable Housing Across Asia Conference yesterday.

MediaTitle: The Malaysian Reserve

Date: 03 Apr 2019

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