Residential Tenancy Act to be enforced in two years

KUALA LUMPUR, The proposed Residential Tenancy Act is targeted for implementation in two years’ time to boost the rental market.

National Housing Department senior principal assistant director Noorihan Abd Halim said the first phase, which involves a study and data collection, is expected to be completed this year, while the act will be formulated next year.

The act will assist us in determining the affordable rent based on location, as well as laws to protect tenant-owner involved in house renting, she told reporters on the sidelines of the Constructing and Financing Affordable Housing Across Asia Conference here, today.

Source: BERNAMA (News Agency)