Business Draft Model Tenancy Act: Realty stakeholders cheer move, say it will boost transparency Updated : July 24, 2019 04:11 PM IST With nearly 30 percent of households in urban areas in rented accommodation, the regulation will have a significant impact. These rules will benefit the millennials who constantly migrate to different cities for better opportunities. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.