Urgent:applicability of maharashtra rent control act on malls
Nidhi
(Querist) 26 July 2012
This query is : Open
Dear Sir,
One of my client is shopping Mall, who has given shops on rent to retailers for which they have entered ito an leave & licence agreeement with them. In agreemnet they have also inserted a cluase of having minimum Rs. 1 cr. as paid up capital of retailers. In few cases they have not inserted such clause. If paid up capital is below Rs. 1 Cr. then Maharastra Rent Control Act will be applicable. I want to know what are the provisions of MRCA which will not be favourable to Mall owners & hence they have to ensure minimum paid up capital clause in their agreements.
