We have a land & on that land we have godown structures which we intend to lease.
The question is on what basis do we charge the other part???
Is it done on sq ft basis on carpet area or
Is it done on sq ft basis on built up area
For leasing out residential flats/offices one considers carpet area + 40% space for loading. Does this same rule apply for godowns too???
So If i rent out 5000 sq ft carpet area, then do i charge for 7000 sq ft area (built up area of 5000 carpet + 40% loading)
Please assist
