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“Deposit of 10 months rent”
Under the Model Tenancy Act 2021, security deposits for residential are capped at 2 months rent.
“Lock-in period of 24 months with no early exit clause”
While not illegal, a 24-month lock-in without any exit provision is unusually restrictive.
“Rent increase capped at 5% annually”
This is a fair clause. Karnataka rent control guidelines suggest up to 10% annual increase.