1. tenancy is a valuable right
2. landlord cannot evict you at his whims and fancies and whenever he wishes to
3. he can only evict you on the limited grounds available to a landlord under the rent act
4. those grounds too have to be justified by the landlord by cogent evidence when the suit goes for trial
5. if you want to settle the matter with the landlord then consider that the premises will be demolished and in lieu of old premises, the tenant would become entitled to new flat in the future, if the tenancy of the tenant is not terminated and your tenancy is sustained and upheld by the court
6. so you have to consider the cost of the future asset which would be allotted to you in lieu of your old premises and accordingly claim compensation from the landlord
7. though its nowhere stated in the rent act, the custom in Mumbai is that the landlord charges 33% for any new transfer
8. so you can estimate the cost of the new asset and deduct 33% from that amount towards the transfer fee of landlord and balance can be claimed as a compensation from the landlord
9. as regards the personal understanding of using the premises for commercial purpose between you and old landlord, that understanding no more applies to the new landlord
10. however had the user of the premises been changed from residential to commercial in the BMC records, then the new landlord would be bound by it