NITI Aayog will soon set up an experts committee to prepare a model land leasing law which can be adopted by states as per their local needs. The decision was taken at a meeting of Chief Secretaries and Principal Secretaries of Revenue and Land yesterday, which was chaired by Vice-Chairman of NITI Aayog Arvind Panagariya. <br/><br/>An official release said, the representatives of the states agreed that land leasing, updating of land records and land titling would be win-win steps for all affected parties and expressed keen interest in making progress on them in the months to come.<br/><br/>The Aayog said, in most cases, the states enacted land-leasing laws post-independence. However, due to one or other reasons these laws heavily discouraged leasing and sub-leasing of land. It said, in the longer run, the laws ended up affecting both landowners and tenants adversely. <br/><br/>The Aayog said, the tenant lacks the security of tenure, which discourages him from making long-term investments in land. The land owner feels a sense of insecurity when leasing land so that they often chooses to leave their land fallow rather than lease it. It said, a transparent land leasing law would allow the potential tenant or sharecropper to engage in enforceable contracts with the landowner, which would benefit both.