Rent is the specific consideration that a tenant is bound to pay according to a lease contract for the use of a property. The rent amount and payment method must be clearly specified in the written agreement. Unless otherwise agreed, rent typically…
Rent is the specific consideration that a tenant is bound to pay according to a lease contract for the use of a property. The rent amount and payment method must be clearly specified in the written agreement. Unless otherwise agreed, rent typically covers the use of building facilities like swimming pools and car parks. If the parties fail to specify the amount, the rent is determined based on the rental value of similar properties. RERA establishes criteria for any rent increases based on the economic situation.
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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