What Happen If I Useing Residential Flat For Commercial Purpose
By Unregistered Visitors, Section Ask Questions
Posted on Thu Apr 17, 2008 at 07:12:15 AM EST
I would like to ask for some information on applicable rules/ laws/procedures.
- If the flat owner is using the flat for running a business, should he pay residential rated value or commercial rate for property tax?
- If the flat owner has rented the flat to a commercial business operator, what kind of agreement should be in existence between the two? Leave & licence or other? What is the property tax rate to be charged in this case?
- Please enlighten me on any other applicable rules and regulations that govern such arrangements.
Thank you
Upendra
Koregaon Park