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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.
  1. If the flat owner is using the flat for running a business, should he pay residential rated value or commercial rate for property tax?

  2. 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?

  3. Please enlighten me on any other applicable rules and regulations that govern such arrangements.

Thank you
Upendra
Koregaon Park

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