Tamil Nadu Buildings (Lease and Rent Control) Act, 1960 is act of Government of Tamil Nadu. Tamil Nadu, a state in India, has an exclusive Rent Control Act where the state government has the exclusive jurisdiction to legislate on the subject.[1][2]
Provisions
edit- For Residential building, Annual rent can be 6 to 9 per cent of total cost of the building at the time construction.
- For Non Residential building, Annual rent 9 to 12 per cent of total cost of the building at the time construction.
- Maintenance charges can be 10 per cent of the rent.
- Tenant need not pay the owner for property tax.
- Additional 15% rent for a furnished house.
See also
editReferences
edit- ^ "Rental laws and gains". Business Line. 4 June 2006. Retrieved 23 September 2011.
- ^ "Protection against unreasonable eviction". The Hindu. 29 May 2004. Archived from the original on 28 June 2004. Retrieved 23 September 2011.
- ^ "Tamil Nadu Government Laws & Rules". tn.gov.in. Retrieved 13 December 2014.
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