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I am a pagdi building owner,can i increase the rent to the tenants?

sir,i am a pagdi building owner in mumbai,thane,my tenants give me rent around rs.250-rs.350 per flat from last 15-20 years.can i increase double or triple the rent to them legally,pls suggest me if i increase then how much should i increase the rent to them?

8 Answers

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  • Anonymous
    9 years ago
    Favorite Answer

    Yes you can increase. It is a paltry sum only, so you can demand triple.

  • 5 years ago

    2

    Source(s): Rent-To-Own Home : http://renttoownhome.iukiy.com/?EyuE
  • Ed Fox
    Lv 7
    9 years ago

    So how would you feel if you were a tenant and your landlord suddenly tripled your rent?

    You should have raised it by 5%-10% every year or two

  • 9 years ago

    Well it depends on the lease? You can't raise it if they are on a lease, but after the lease ends you can raise the price after the written contract ends. You may have a lot of your tenants leave, if you raise the price though.

  • Anonymous
    9 years ago

    yeah u can increase it but not directly double or triple. u can increase it by 5-10% every year when u renew ur agreement,.

  • Anonymous
    9 years ago

    Yes you can but not double or triple....You should have raised it by 5%-10% every year or two.for more details about the real estate: http://www.civitech.in/vaishali-florencia.html

  • 5 years ago
  • 9 years ago

    Yes.

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