State the advantages to the landlord for imposing the condition of minimum rent
Answers
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The term Minimum Rent is also referred as fixed rent,dead rent, flat rent, contract rent and rock rent.
The advantage of such rent to the landlord is that it guarantees a minimum sum of money to be received by him/her from the tenant, irrespective of any benefit derived or not by the tenant.It is a pre-determined rent agreement agreed upon by both the tenant and landlord.
There are many families and many single people who do not have there own flat or house to live in, that is why there are many people who have extra space in there house, they provide those buildings for rent to those people who need to live a house for rent.
When there are rent fairs decided by the landlords at a low price, there are some advantages, like he shall be relieved from the high amount of income tax, and he shall get his customers quickly.
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Answer:
Explanation:
Effects on Tenants. Existing rental units fare poorly under rent control. Even with the best will in the world, the landlord sometimes cannot afford to pay his escalating fuel, labor, and materials bills, to say nothing of refinancing his mortgage, out of the rent increase he can legally charge.