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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]
A housing lease may specify whether the renter is living alone, with family, children, roommate, visitors. A rental may delineate the rights and obligations of each of these. For example, a "sub-let" to a stranger might not be permitted without permission of the landlord. This also applies to whether or not pets may be kept by the renter.
The term Landlord [1] with reference to the Tamil Nadu Buildings (Lease and Rent Control) Act, 1960 under Section 2(6) which runs as follows: Sec.2(6) landlord includes the person who is receiving or is entitled to receive the rent of a building, whether on his own account or on behalf of another or on behalf of himself and others or as an agent, trustee, executor, administrator, receiver or ...
In general, by paying the negotiated fee to the lessor, the lessee (also called a tenant) has possession and use (the rental) of the leased property to the exclusion of the lessor and all others except with the invitation of the tenant. The most common form of real property lease is a residential rental agreement between landlord and tenant. [7]
1 The Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2008 60 of 2008 Finance [29] [30] 2 The Tamil Nadu Laws (Special Provisions) Act, 2008 56 of 2008 Housing and Urban Development [31] 3 The Chennai City Police (Extension to the Chennai City Suburban Area) Act, 2008 54 of 2008 Police [32] 4 The Tamil Nadu Laws (Special Provisions) Act, 2008
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