Amendment status not verified — confirm the current text below against the official source.
Revision of fair rent in certain cases. - (l) Save as provided in sub- section (2), when the fair rent of a building or rented land has been fixed under section 4, no further increase or decrease in such fair rent shall be premissible for a period of five years: Provided that the decrease may be allowed in cases where there is a decrease or diminution in the accommodation or amenities provided. (2) Notwithstanding anything contained in any law for the time being in force or in any contract, a landlord shall in addition to the increase in rent provided in this Act be entitled to increase the rent of a building or land at the rate of 10 % (per cent) of fair rent Or the agreed rent, as the case may be, after every 6 five years and such increase shall be,- (a) in a case where such a building or land has been let out for a period of five years or more immediately preceding the commencement of this Act - (i) first with effect from the date of such commencement ; and (ii) again with effect from the expiry of the period of every five years from such commencement; and (b) where such a building or land has been let out before such commencement for a period shorter than five years and the maximum period within which such building or land remains let out extends beyond five years from the d1.te of the commencement of such a tenancy (i) first with effect form the date of expiry of five years from the commencement of such tenancy ; (ii) again with effect from the date of expiry of the period of every five years from the date on which revision made under clause (i) takes effect. (3) Any dispute between the landlord and the tenant in regard to any increase or decrease in rent under this section shall be decided by the Controller.