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OFFER LETTERMar 2026
Software Engineer — Bengaluru
RENTAL AGREEMENTApr 2026
Leave & Licence · Mumbai

This agreement is made between Mr. R. Sharma (Licensor) and Ms. P. Iyer (Licensee), hereinafter referred to as the parties...

3. Security Deposit.

The Licensee shall deposit a sum of eleven (11) months rent as interest-free refundable security deposit, payable on execution.

7. Lock-in Period.

A minimum lock-in of 11 months is agreed. Early vacation forfeits deposit.

9. Annual Escalation.

Rent to be enhanced by ten percent (10%) on renewal each year.

LICENSOR ___________LICENSEE ___________
WATCH OUT§ 3
11 months deposit is unusually high
Karnataka norm is 2–3 months. Typical savings: ₹1.6 L.
READ CAREFULLY§ 7
You forfeit deposit if you leave early
Lock-in of 11 months. Move in month 5, lose the full deposit.
पूरी जमा राशि जब्त हो जाएगी।
LOOKS FAIR§ 9
10% yearly escalation is market-standard
Matches Bengaluru average for 2026. No change needed.
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Is 11 months' deposit normal?
No — in Karnataka, 2–3 months is standard. You can ask to reduce it.कर्नाटक में 2–3 महीने आम है।
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signsafe.in/review/rental-bengaluru

Leave & Licence Agreement

Bengaluru · 2026

THIS AGREEMENT made between the Licensor and Licensee, witnesseth that:

3. Security Deposit

Licensee shall deposit a sum equivalent to eleven months' rent as interest-free refundable security, to be paid at execution.

7. Lock-in

Minimum occupancy of 11 months; premature vacation forfeits deposit.

9. Maintenance

Licensee bears all internal maintenance and painting at exit.

12. Termination

Licensor may terminate with 15 days' notice for any breach.

Your review
EN · हिंदी
72
Proceed with caution
3 red flags · 2 fair clauses
Deposit is 3× the norm
Ask to bring it to 3 months. Likely savings: ₹1.6 L.
Clause § 3
Strict lock-in penalty
Full forfeit on early exit. Negotiate pro-rata refund.
Clause § 7
One-sided termination
Only licensor can terminate. Mutual notice is fairer.
Clause § 12
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