Amendment status not verified — confirm the current text below against the official source.
(1) The Controller shall, on application made to him either by the landlord or by the tenant in the prescribed manner, fix the fair rent in respect of any permises in accordance with the provisions of this Act. (2) The fair rent for a year in respect of any premises constructed and let out after the year 1984, shall be fixed on the basis of ten per cent of cost of construction of the premises and the market value of the land at the time of commencement of the construction. 338 The West Bengal Premises Tenancy Act, 1997. XXXVII of 1997.] (Chapter VI.—Provision regarding rent.—Section 18.) West Ben. Act XII of