Is it legal to collect delayed rent fee in chennai, if a tenant does not pay the rent on the due date.

Q: If yes what is the acceptable fee that can be collected?

Krishna,

5th July 2015

Rentals in Chennai

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@ alexstephen, The basic distinction between joint tenants and tenants in common is that in case of joint tenants there is unity of title and possession, while in the case of tenants in common, though there is a unity of possession their no unity of title.

Komathi, Chennai

22nd July 2015

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What is the difference between a joint tenant and tenants in common ?

Alex Stephen, Chennai

22nd July 2015

Comment

Hi, as per my knowledge Checklist to ensure an effective lease deed or leave and license agreement...
1. Find out who is the actual owner
2. Term of the agreement
3. Termination clause and notice period
4. Lock in clause and Sub-clause if any
5. Payment clause
6. Increase in rent clause
7. Maintenance/association charges clause
8. Wear and tear clause

Ravi Kumar, Chennai

21st July 2015

Comment

Thanks Ravi, But what is the major Provisions of the Rent Control act?

Venu Gopal, Chennai

21st July 2015

@ Venu, The basic objective of the rent control legislation is to protect the tenant against exorbitant rents, arbitrary increases in the rent and ensure him the security of tenure. The legislation has been necessitated by conditions of scarcity prevailing in rental housing markets of urban areas.

Priya Sharma, Chennai

21st July 2015

Hi , The Acts typically contain the following provisions:
1. control on letting and leasing of vacant buildings to assist tenants in their search for desirable rented accommodation.
2. fixation of fair or standard rent.
3. protection to tenants against indiscriminate eviction by unscrupulous landlords,
4. obligations and duties of landlords vis-avis maintenance and upkeep of their rented properties,
5. rights of landlords against tenants who default in paying rent or misuse the premises, and
6. rights of landlords for the recovery of premises in specific cases.

Shyam Sundar, Chennai

21st July 2015

Hello, The agreement for renting a property is one legal document that almost no-one can avoid. You may have to negotiate or at least sign one either for personal or business use.Most people in India have little idea as to what to look out for in these agreements.But trust me it is very important part of renting house.

Ravi Kumar, Chennai

21st July 2015

Comment

Thanks dear for updating us but according to you what should we look in rent agreement paper?

Javed, Chennai

21st July 2015

Thank you for the reply ,may I also know the minium fee/fine that can be charged.

Krishna,

6th July 2015

Comment

Hi Krishna, Usually delay in payment, penal interest in the range of 12 to 18%, in case there is more than 10 days of delay, can also be specified in terms of agreement.

subramanya, Chennai

21st July 2015

Hi, If you have already mentioned this clause in rent agreement paper, then you can charge rent delay compensation otherwise you are not legally liable to take delay fee... otherwise it depend upon mutual understanding.

Ananth KV, Chennai

6th July 2015

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