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

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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". The Hindu Business Line. 2006-06-04. Retrieved 2011-09-23.
  2. ^ "Protection against unreasonable eviction". The Hindu. 2004-05-29. Retrieved 2011-09-23.
  3. ^ "Tamil Nadu Government Laws & Rules". http://www.tn.gov.in/. Retrieved 2014-12-13. {{cite news}}: External link in |publisher= (help)

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