Determining the rent

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Determinig the rent:

Rental yields of a residential property vary between 2.5 percent and .35 percent of the market value of the property. For instance, if the market value of your property is Rs 30 lakh, its rental value will range between Rs 7,5000 and Rs 10,5000 and monthly values will differ from Rs 6250 to Rs 8750.


How rent is determined?

Rent is determined by various factors such as location, age of the property, quality of construction and amenities. "Rental values range between 2% and 4% of the property value. For residential properties in most parts of India, landlords can only increase the rent by around 10-11% every year.


What does determination of rent mean?

Determination: on surrender by operation of law. When a tenant surrenders their lease to their immediate landboard, who accepts the surrender, the lease is absorbed by the reversionary estate and thus determined.


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