Lock Up Year Lease For Free

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For pdfFiller’s FAQs

Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Lock-in clause says that tenant cannot leave rented property before specified period. In case tenant decide to leave the rented property before lock in period he/she needs to pay the rented amount for the lock-in period as specified in rent agreement.
The term lock-in period is not defined under Indian Property laws or any other Indian Law. The trouble in enforcing lock-in is that it is a clause in a contract like any other governed by Indian Contract Act and Indian Property Laws.
Lock-in periods aren't enforceable in court, but if you sign an agreement that stipulates a lock-in period, you are bound to abide by it.
The Lock in period of the Leave and License agreement or Registered Rent Agreement is basically an understanding between the parties (i.e. the licensor and the licensee) that (i) The Licensee shall not vacate the licensed premises within the period (Lock in Period) as mentioned in the agreement.
A clause inserted in a loan agreement by a lender guarantee a quoted interest rate on a loan for a specified period of time. The lock-in-clause is an incentive for the borrower to close the loan before the expiration date.
Landlords typically keeps the original copy of the rent agreement, but you should always keep a copy of the same.
LL usually keeps the original and gives a copy to the tenant. Unless two originals are signed (something I DO NOT DO because unless the tenant sits there and reads through BOTH copies, how do they know they are exactly the same) the LL keeps the original.
Each party should get an original signed copy of the contract for their files. That means if there are two parties to the contract, two identical contracts must be signed. One original copy of the contract should go to you, and one original copy should go to the other party.
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