annual rental increase-rented flat
PAPPU
(Querist) 23 June 2009
This query is : Resolved
want to know if there is any LAW, guiding the annual rental increase[%] of a rented flat?
Y V Vishweshwar Rao
(Expert) 23 June 2009
accordign to the Rental Market and prevailing Rental Values in the Area , usage and practice of enhancement of the rents and by agreement to enhance the rents periodically !
Swami Sadashiva Brahmendra Sar
(Expert) 24 June 2009
Mr Rao is right. Further, The Law defer from State to State. Kindly refer to Rent Control /Building Act of your State.
Uma parameswaran
(Expert) 25 June 2009
Rent control Act in each state determine the law related to increase in the rent.