TERMS & CONDITIONS for
K05C404
Contract Start Date: 11-06-2024

Rent = ₹ 24,800

Security deposit = ₹ 49,600
Car Parking= Currently Unavailable
Move-Out Charges = ₹ 13,500
Agreement Charges = ₹ 500

Complementary: Internet - Wi-Fi (Up-to 200 GB per month limit)

Payment to be cleared before Contract Start Date = Deposit + Move-Out charges + Pre-Paid Rent + Agreement charges + Garbage charges

UTILITIES

- Electricity (as per consumption. Minimum bill is ₹350)

- Kaveri/Tanker water/Hot water (As per the property consumption divided equally to all flats)

- Power backup (As per the property consumption (Diesel + service) divided equally to all flats)

- BBMP garbage collector charge ₹ 250 per month

Note - Irrespective of your stay above charges are mandatory & shall be split evenly with all flats except

for electricity. Water & Power back utility charge for 2bhks shall be 1.5 times to the charge levied on

1bhk or studio.

Common Area Maintenance

No extra Monthly Common Area Maintenance Charges for the lock-in period duration if you are going for

a committed stay with a lock-in period (min 6 to max 11 months) monthly common area maintenance

charges are waived off for the lock-in period duration.

Common area maintenance charges = For 1bhk or Studio it is ₹2,500 per month.

For 2bhk it is ₹3000 per month.

Maintenance includes 24hrs security, laundry facility(if applicable), common area management & maintenance.

RENTAL CONTRACT period = 11 months

LOCK-IN period = min 6 ~ max 11 months (cant be renewed/updated/ altered once chosen or agreed)

Monthly Common area maintenance charges are applicable for your stay duration if you terminate the

contract during the lock in period or you choose to stay beyond the chosen lock in period or without lock

in commitment

MOVE OUT:

Mandatory Notice to be served 45 days prior to terminate the contract. In case if tenant cant fulfil the

notice period and wants to vacate early, then the rent (along with common area maintenance) for the

notice period, shall be deducted from the deposit.

RENTAL CONTRACT RENEWAL will be done at 5% escalation over the current rent

1) Contracts are auto renewed on completion of the contract period, unless either Kots or Tenant

terminates the contract by serving 45 days notice period.

2) If the tenants renews the contract to take a fresh contract with a fresh lock-in period to avail free

common area maintenance offer.

Other Terms & Conditions

1) Bookings or application to rent our flat cannot be transferred, altered or cancelled after paying the

token advance or booking amount. Booking advance is non-refundable. In case if you dont clear your

dues within 3 days of your contract start date, your booking will be automatically forfeited.

2) The validity of the lease agreement starts only if the tenant clears all his/her dues on or before the

contract start date and transfer of the possession of the flat is done upon receiving the total due amount

& signed agreement.

3) The tenant takes full responsibility of the rented property along with belongings, appliances,

furnishings, other fittings, repairs & maintenance during his/her stay period. He/she is liable for all

incidents and accidents within the flat.

4) The Tenant is responsible to preserve and maintain the property in a good condition and shall return

the flat without any damages or stains ( as in the same condition during the move in). Any damages

noted during the check-out audit, shall be deducted from the security deposit based on estimates and

added convenience charges.

5) Admission of the Pets will be at the discretion of Kots Renting Pvt Ltd.

6) Our residential property is meant only for a maximum of 2 adult occupants and a child. (For 2 bhk flats

3 occupants are allowed) Extra occupants beyond the said limit are not allowed to share the flat.

7) If you break the contract during the lock-in period (if applicable) then the common area maintenance

free offer will be reversed and you will have to pay common area monthly maintenance charges for your

stay duration.

8) All deliveries happen at the security desk only. All visitors including serviceman, maids ,friends &

family, heavy couriers have to be accompanied by the resident in person after making an entry at the

security desk.

9) Tenants are liable to pay the following:

 A) Late payment fees on not clearing the dues before 5th of every month

 B) Fines for breaking community decorum, garbage segregation rule etc..

 C) Convenience charges if the Kots management has to replace, repair, clean etc

10) For our guest policy, admission rights & policy, security policy, community decorum, late payments

fees, fines, convenience charges, security deposit refund policy, repairs & maintenance policy and any

other terms and conditions please refer to our sample agreement sent to you separately.