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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.

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.
  • References

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