Hi there. I would like to tell you that there is no way to avoid leases or security deposits on renting a commercial property in India. This is because the law requires a commercial tenant to hand over a security deposit of up to 6 months of the rent to the landlord. This is stated in the Model Tenancy Act of 2021 and not following it can lead to serious legal repercussions. However, there is something you can do to minimize the amount.
How to Negotiate Security Deposit Over a Commercial Space?
Here are some ways that can turn out to be useful for you.
You can offer a larger upfront payment or a higher monthly rent to reduce the deposit.
You can also discuss the option of a shorter lease period, which will act as an incentive for the landlord to reduce the security deposit.
Another way is to offer a set of post dated cheques. This will help solidify you as a reliable rent payer. It will help you in getting a reduced security deposit to pay.
This is all I have to share. I hope it helps.
Find Commercial Spaces at Zero Brokerage Via NoBroker!
Some related information:
What is Commercial Lease Agreement Terms and Conditions?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What are some ways to avoid leases or security deposits while renting a commercial property in India?
shyamginesh
100 Views
1 Answers
4 Year
2020-08-29T11:19:34+00:00 2020-11-11T18:11:56+00:00Comment
Share