We are running a parlor in Visakhapatnam( Andhra Pradesh ) in a rented premises since 2008. We have registred lease agreement for 10 years .
(1) In 2008 we agreed for 20% increment every two years. Now rent has become very high because ofthis increment clause. As per lease agreement, we have to pay 75,000 PM now but existing rent for the similar place is 45,000 PM today. We cannot shift as we have invested app, Rs, 25 Lakhs on furniturels like wooden partition, false ceiling, air-conditioner etc.
(2)We are located on ground flood and have a small parking place measuring 230 square feet in front of our premises.When we rented the place, 1st floor and 2nd floor were vacant and parking was not a problem. That time owner told that we can use complete parking space but did not write the same in agreement. Later both floors were occupied and there is no parking space for our clients. When we approah the owner, he says that let all tenants solve the issue and he is no way concerned. Our business is down because of this parking problem.
(3) As per local municipal laws all commercial building should haveminimum 30% parking place, which is not available in this building. We assume that he constructed this building violating approved building plan.
(4) Whenever rent is increased ( as per agreement every two years ) owner comes to our place and shout, He threatens tha t" if you dont pay incresed rent in time than I will stop your water supply and electricity ". We have exclusive separate electricity meter in the name of building owner.In 2008 we paid app. Rs. one lakh to increased sanctioned electricity load. Electrical charges for Water motor is shared by all 3 tenants. He comes and sits at our reception to exert pressure. 70% of our clients are women and they get disturbed,
We wish either owner should reduce the rent as per present market rate or pay us some compesation so that we can shift. Please help us in this matter.
Regards,
Deepak
