Policies & Terms — Shakti Properties

📋 Mandatory Documentation

Before moving in, every tenant must complete the following legal formalities. Failure to provide these documents will result in a delay in possession.

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Leave & License Agreement — Executed and signed by both parties prior to move-in.

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Police Verification — Mandatory submission to the local jurisdiction.

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C-Form — Mandatory for all tenants (particularly for foreign nationals or as per local society mandates).

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Amenities Checklist — Signed verification of all movable property and fixtures in the unit.

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Aadhaar / Government Photo ID — A valid government-issued identity document.

💳 Payment Terms & Penalties

Timely payment is the cornerstone of our community management.

Item	Requirement
Rent Due Date	Must be paid by the 30th or 31st of every month via RTGS or NEFT.
Post-Dated Cheques (PDC)	If paying by cheque, it must be credited on or before the due date.
Cheque Bounce Penalty	₹2,500 penalty applies to any returned cheque.
Contract on Bounce	A bounced cheque is a material breach — leads to immediate termination without notice.
Urgent Settlement	Any returned payment must be cleared within 24 hours.
Arrears	Unpaid legal charges or penalties will be deducted from the security deposit.

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Zero Tolerance — Cheque Bounce

A returned cheque is treated as a material breach of the Leave & License Agreement and may result in immediate contract termination without further notice.

🏦 Security Deposit Options

Option	Advance Rent	Security Deposit	Total
Standard	Current Month	2 Months Rent + 1 Month Electricity/Utilities	3 Months' Worth
Premium	6 Months (In Advance)	1 Month (Refundable)	7 Months' Worth

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Refund Policy

A formal receipt will be issued for all deposits. Refunds are processed within 48 hours of move-out, subject to the final amenities inspection.

⚡ Electricity & Utilities

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Billing: Bills must be paid before the due date without exception.

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Sharing: Costs are shared between PG members and must be transferred via Google Pay or Cash to the designated lead.

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Compliance: A hard copy of the paid bill must be filed at the Shakti Properties office.

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Power Cut Penalty

If electricity is disconnected due to non-payment or late payment, a ₹2,500 penalty will be deducted from the security deposit.

🚪 Exit, Breach & Termination

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Notice Period: All residents must adhere to the notice period specified in their individual Leave & License agreement.

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Immediate Termination: We reserve the right to terminate with 24 hours' notice (via email or letter) if society bylaws, PG declarations, or Indian Laws are breached.

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Breach of Contract: Any violation of rules in the signed agreement will result in legal action and forfeiture of the deposit.

⚠️ Service Exclusions

Category	Excluded Items
Consumables	Kitchen essentials — sugar, tea, coffee, milk, bread, butter.
Cleaning Supplies	Floor cleaner, bathroom cleaner, toilet cleaner, glass cleaner, hand wash.
Domestic Help	Shakti provides references for vetted helpers. Tenants negotiate timing and salary directly. Shakti Properties is not responsible for conduct or management of domestic staff.

⚖️ Professional & Legal Disclaimer

Legal Disclaimer

The information provided on this website is for representational purposes and is subject to the terms of the individual Leave & License agreement signed by the tenant. Shakti Properties reserves the right to modify policies in accordance with changes in local laws or society bylaws.

All disputes are subject to Mumbai Jurisdiction.