22 June 2015
My father has given a property on Rent to BSNL Telephone Exchange Udaipur on 08/02/2000 at monthly rent of 15000 pm. We are receiving the same rent of 15000 pm now also. Thers is no Increment. So Please let me know how much rent can i receive from them
24 June 2015
Check the agreement between your father and BSNL w.r.t period of lease, rent enhancement etc.
Irrespective of the terms of the agreement, in your case, you are silent on enhancement of rent and receiving the same amount for the last 15 years. This amounts to a kind of acceptance whether express / implied.
However, you legal remedies such as sending notice for - vacation of the property, - cancellation of agreement, - rent enhancement etc.
are available.
The amount of rent that should receive depends on the market rates in the vicinity and negotiations between your family and BSNL.
28 June 2015
Thankyou sir for your prompt reply. The agreement with bsnl was for 5 year i.e from 08/02/2000 to 07/02/2005. After that there was no new agreement with BSNL. We have given notice to either they should vacate or give the rent as per the market rate. The reply from BSNL was that they are ready to give rent of Rs 17500/- per month. But as per the market rate we should receive rent of upto Rs 48000/- I didd'nt understood how had they computed the rent of Rs 17500/-
CAclubindia
