My one of the tenant having income above Rs 50000/- per month was not
paying meager rent of Rs. 40/- p.m. since 2006. Yesterday due to one
of my blogs he has come to pay the rent. Am I supposed to collect rent
with interest? As such I hv to pay heavy penalty and interest if I
delay any payment to electricity, water, mobile, MTNL, credit card
dept etc.. and has to face disconnection. Pl. advise.
Yjs Suchak ✆ suchak1@gmail.com
ReplyDeleteJul 24 (5 days ago)
to me, Poa, Poa
Law allows you to accept 15% simple interest
For that you have to give him notice to quit
He can then pay rent plus 15% SIMPLE INTEREST
I routinely issue rent receipts with 15% simple interest
for arrears of rent -
Yogesh Suchak
98198-80150