Tips for Negotiating a Rent Increase with the Landlord
Tips for Negotiating a Rent Increase with the Landlord
The pressure of soaring rents is particularly evident in low-income middle-class families, who have difficulty paying high rents while meeting the needs of other families. Since rent increases are an inevitable situation in Indian cities, potential tenants should realize that there is always room for negotiation. Most landlords adhere to the general rule of 10% annual rent increase, with little room for negotiation.
If the landlord sends a clearly stated message to the tenant in accordance with established rules, the landlord has the right to change the rent. In section 106 of the Transfer of Property Act, 1882. However, new tenants or experienced tenants should know that they can negotiate effectively without disagreement between the landlord and the tenant.
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