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Times Life
Times Life
Lifestyle
Aishwarya Kapoor

7 Clauses to Read Slowly Before You Sign an Indian Rent Agreement

The Lock-In Period and Early Exit Penalty

Most agreements have a lock-in clause, typically six to eleven months, during which neither party can terminate without paying a penalty. The penalty is not standardised. Some landlords write it as two months' rent; others write it as the rent for the entire remaining lock-in period. Read the exact number. If the clause says "as mutually agreed upon at the time of termination", that phrase is meaningless and works against you. Get a fixed figure written in.

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