KUALA LUMPUR (July 29): Engagement sessions to finalise the draft Bill on the proposed Residential Tenancy Act (RTA), particularly on its implementation and administration, will continue in collaboration with state governments.
The Ministry of Housing and Local Government (KPKT) said that any feedback and opinions received will be weighed to improve the draft Bill, to ensure the interests of all parties are protected and given due attention.
“It is hoped that the RTA can facilitate the residential rental industry to be more competitive, with better governance, without compromising the rights and interests of those involved,” said the ministry in a written reply in Dewan Negara, published on the Parliament’s website on Monday.
The reply was directed to Senator Datuk Seri S Vell Paari, who had inquired about the ministry’s initiatives to tackle racial discrimination issues in the housing sale and rental market.
KPKT elaborated that the RTA Bill which is being drafted is neutral and that any residential rental activities carried out are subject to the agreement of involved parties.
Additionally, the Bill clarifies the rights and obligations of homeowners and tenants, as well as provides a mechanism for resolving disputes that may arise.
“The RTA is expected to stimulate the rental sector by balancing the rights and obligations of homeowners and tenants, without involving rent control elements, while also offering an affordable and efficient dispute resolution process,” it stated.
In May 2023, the Minister of Local Government Development Nga Kor Ming announced that the proposed RTA Bill had been presented at the Cabinet Meeting on June 23, 2021, and had received approval in principle for drafting.
Source: EdgeProp.my
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