I’m planning to open a food stall in a space I’ve secured, but the agreement has a clause allowing either party to terminate with just 2 months’ notice. This leaves me worried they might pull out, especially since they’re not offering any security deposit. I’m investing heavily in renovations, how can I protect myself?

Apni Law
Apni Law
Law Forum › Category: Landlord / Tenant › I’m planning to open a food stall in a space I’ve secured, but the agreement has a clause allowing either party to terminate with just 2 months’ notice. This leaves me worried they might pull out, especially since they’re not offering any security deposit. I’m investing heavily in renovations, how can I protect myself?
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Apni Law Staff asked 2 years ago

I’m planning to open a food stall in a space I’ve secured, but the agreement has a clause allowing either party to terminate with just 2 months’ notice. This leaves me worried they might pull out, especially since they’re not offering any security deposit. I’m investing heavily in renovations, how can I protect myself?

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Best Answer

Apni Law Staff answered 2 years ago

While a 2-month notice period is legally permissible under Indian law, you should negotiate a longer notice period or a security deposit. Alternatively, consider a lease agreement with a fixed term instead of a month-to-month arrangement, offering you more stability and protection for your investment.

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