My grandfather rented out our shop on the ground floor. The tenant, who’s in their early thirties, is paying an outdated rent. How can I go about increasing the rent fairly?
1 Answers
Best Answer
Under Indian law, you can increase the rent based on a fair market value assessment, considering factors like location, size, and amenities. You can issue a formal notice to the tenant, proposing the increase and providing justification. If the tenant refuses, you can approach the Rent Control Tribunal for legal resolution.
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