Amendment status not verified — confirm the current text below against the official source.
(i) Subject to the provisions of this Act and not withstanding any contract to the contrary, no landlord shall be entitled to charge rent for any house at a figure higher than the standard rent. (2) If at any time after the first fixation of standard rent the market price of the land and the cost of construction as on the date of commencement of cons truction increases by more lhan twenty-five per cent on the basis of the value of the land and the cost of construction estimated at the subsequent prevailing market rates, then the landlord shall be entitled to have the monthly rent increased by an amount not exceeding one-twelfth of the seven half per cent of the additional increase in the original market price of the land and the cost of construction, from the date as may be determined in the manner prescribed subject to a maximum of fifty per cent of the original standard rent: Provided that no subsequent revision or increase in the standard rent shall be permissible until at least a period of not less than 5 years has elapsed since the preceding fixation or refixation of rent as the case may br. (3) If at any time after the standard rent is fixed under the provisions of the A.ct, any addition, improve ment or alteration (not being repairs within the mea ning of the provisions of Section 6) is effected at the landlord’s expense which was not taken into consi deration in fixing the standard rent, then the landlord shall be entitled to have the monthly rent increased by an amount not exceeding one-twelfth of seven and half per cent per annum of the cost of such addition, improvement or alteration with effect from the date on which the addition, improvement or alteration was completed. Procedure for