RENT

Q: How is the rent payable for a premises determined under this Act?


A: The rent payable for a premises is determined by the agreement between the landlord and the tenant, as outlined in the tenancy agreement.


Q: How is the revision of rent handled?


A: The revision of rent is to be done in accordance with the terms of the tenancy agreement between the landlord and the tenant.


Q: Can the landlord increase the rent if they carry out improvements, additions, or structural alterations to the premises?


A: Yes, if the landlord enters into a written agreement with the tenant prior to the commencement of the work and incurs expenditure for improvements, additions, or structural alterations (excluding necessary repairs under section 15), the landlord may increase the rent by an amount agreed upon with the tenant. This increase becomes effective one month after the completion of the work.


Q: What can be done if there is a dispute between the landlord and tenant regarding the revision of rent?


A: In case of a dispute regarding the revision of rent, either the landlord or tenant can apply to the Rent Authority. The Rent Authority will then determine the revised rent and other charges payable by the tenant and will also fix the date from which the revised rent becomes payable.


Q: What are the restrictions on the amount of security deposit a landlord can ask for?


The security deposit to be paid by the tenant in advance must be agreed upon in the tenancy agreement, but it is restricted as follows:
(a) For residential premises, the security deposit cannot exceed two months' rent.
(b) For non-residential premises, the security deposit cannot exceed six months' rent.


Q: When must the landlord refund the security deposit?


The landlord must refund the security deposit to the tenant on the date of taking over vacant possession of the premises, after deducting any liabilities of the tenant.



You can also learn about :
RIGHTS AND OBLIGATIONS OF LANDLORD AND TENANT