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Guest

Guest (Querist)

18 April 2010
FAIR RENT OF THE PROPERTY = Fair rent of the property can be determined on the basis of rent fetched by the similar property in the neighbourhood or in the same or similar locality. though 2 properties cannot be alike in every respect the evidence afforded by transaction of other parties in neighboubood , more or less comparable with the property in question is relevant in arising at reasonable rent

STANDARD RENT ACT = standard rent is the maximum rent which a person can legally recovered from his tenant under a rent control act . the supreme court has observed in a few cases that a landlord cannnot reasonably expect to receive from a hypothetical tenent anything more than the standard rent under hte rent control act . this rule is applicable even if a tenant has lost his right to apply for fixation of the standard rent . this rule is applicable for owner himself

plese explain the above lines with proper examples.............

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)

19 April 2010 FAIR RENT OF THE PROPERTY = building A & B same type and same location and almost same facility, Rent of Building A 5000/- pm then Fare rent for Building B is 5000/- pm

STANDARD RENT ACT = Rate Fixed by Local Authorities ie municipalty etc.

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