Tamil Nadu Buildings (Lease and Rent Control) Act, 1960

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

  • 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.

[3]

See also

References

  1. ^ "Rental laws and gains". Business Line. 4 June 2006. Retrieved 23 September 2011.
  2. ^ "Protection against unreasonable eviction". The Hindu. 29 May 2004. Archived from the original on 28 June 2004. Retrieved 23 September 2011.
  3. ^ "Tamil Nadu Government Laws & Rules". tn.gov.in. Retrieved 13 December 2014.


Stub icon

This article about the law of India is a stub. You can help Wikipedia by expanding it.