Standard Rent
Querist :
Anonymous
(Querist) 09 June 2011
This query is : Resolved
How to calculate Standard of my premises?
I own 9 shops in prime locality. Since 1964 I have rented 7 shops to 7 tenants. In 1986 I have filed Fair Rent Case Under CP and Berar Order 1949,against 4 tenants. I got Fair Rent @rs 4 per sq ft in 1999 with retrospective effect from 1986. 2 Tenats paid the arrears and started paying rent @5 Rs / sq ft with increment of 20% after every 3 years, Meanwhile in 1997 I have files F Rent case against rest of tenants @Rs 20 / sq ft which was decided in year 2006. I got an order of Rs 15/sq ft with retrospective effect from 1997. Again rest of the tenants compromised and started paying rent. Now In 2007 I have rented (1 vacant shop) @Rs 20 / sq ft. Now my queery is what is the Standard Rent under MhRc 1999 act for my premises? The answer is required because I need to see whther I am charging Rent excess than standard rent (in such case it would be illigal and may be prosecuted) undr MhRent Control Act.... Pl guide me
Raj Kumar Makkad
(Expert) 10 June 2011
Standard Rent being charged by you from recently introduced tenant is fair and accurate so nothing to worry for you.
