mkm 11 November 2017
Your query seem so be purely hypothetical academic query.
If some reality is there in your statement, can you please clarify the following points,--
(1) Are you more than 100 years old or your landlord is more than 100 years old or the building structure is of more than 100 years old?
(2) Further, if the landlord is demanding Rs, 1 lakh as rent, you may be having possession of a huge area of the constructed structure merely at a paltry sum of Rs.5,000/- and may be earning several lakhs of profit.
(3) By the way what is the date of agreement and at what rate of rent with which of your ancestor?
Kishor Mehta (CEO) 12 November 2017
mkm 12 November 2017
mkm 12 November 2017
Mr. MKM,
Although your problem is of serious nature or is likely to become so, but you seem to have preferred to rely on a casual help from the experts through your casual query. Of course, the demand of Rs.1,00,000/- as rent is quite unjustified.
However, for real solution to your problem, some information and documents of vital nature would be required to be examined in detail.
So, as of some auxiliary help, for the present I may suggest you to first get a copy of the agreement from the registration office, if the document was registered, through RTI. Besides other important information/document, terms of agreement are quite important to be examined for analysis for the purpose of solution to your problem After procurement of copy of agreement, you may discuss in detail with some prudent expert on property laws for further course of action.
If that be the position, as discussed by you, the amount of rent, even at the compounded rate of enhancement by 20%, what to say of simple rate, the rent may not work out to Rs.5000/-, as you stated.
Agreement terms are quite necessary to be examined for arriving at some appropriate opinion.
This act may be applicable, I feel it is bit different as compared to Maharashtra rent etc.
But in case of dispute Court can determine fair rent .
It seems in that act there is a provision of a monthly increase of rent but I doubt it will be negligible the way it is calculated seems bit different and little confusing at first reading As other factors are required to be calculated as per the said act .
I will suggest you go for fixation of fair rent in Hon. Court ,
Contact local adv.