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A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
NMMC is considered one of the most efficient Municipal Corporation in India.Till 2014, the NMMC was headquartered in an eight storied building in CBD Belapur.In 2014, construction of a new civic building was complete and NMMC decided to lease out the old premises after moving into the new one. [4]
Renting, also known as hiring [1] or letting, [2] is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord.
The number of migrants to Mumbai from outside Maharashtra during the 1991–2001 decade was 1.12 million, which amounted to 54.8% of the net addition to the population of Mumbai. [ 11 ] Over 7 million people, over 42% of the population of Mumbai, live in informal housing or slums, yet they cover only 6–8% of the city's land area.
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
Leaders of Maharashtra met these fears half-way, by ensuring the maintenance of bench of High Court and a session of Legislature at Nagpur. The informal pact between political leaders before 1960 thus made Nagpur the second capital of Maharashtra. [2] The Pact assured equitable development of all the regions of the proposed Marathi State.
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