The RERA Rental Index Calculator determines the maximum percentage by which a landlord can increase the rent for an existing tenant upon renewal. It uses average market data for specific areas to prevent unfair spikes. While this protects tenants it…
The RERA Rental Index Calculator determines the maximum percentage by which a landlord can increase the rent for an existing tenant upon renewal. It uses average market data for specific areas to prevent unfair spikes. While this protects tenants it also provides stability for the market. However for new rental contracts or vacant units landlords are free to set the price based on current market demand which allows investors to reset rents to market levels when tenants change.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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