icons

Login / Sign up

Zero Brokerage.

Thousands of new listings daily.

100 Cr+ Brokerage saved monthly.

Enter phone to continue

Change Phone
Get updates on WhatsApp

Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Q.

Is Commercial Rent Paid in Advance or Arrears?

view 73 Views

1

2 months

Comment

whatsapp [#222222128] Created with Sketch. Send

Hey. I came across you asking, is commercial rent paid in advance or arrears in India. See, commercial rent or rent in general is paid in advance and not arrears. Commercial rent is paid at the beginning of the rental period. The payment period is stated in the rent agreement and both parties have to follow that. I will give you more details on this below.


What are the Reasons for Advance Rent Payments?


  1. Safeguard the Landlord: One of the primary reasons for this system of advance rent payments is to protect the landlord. Rent when paid in advance gives security to the landlord. The system ensures that the landlord receives payments before the tenant actually uses the space.

  2. Right of the Tenant: Another reason behind this setup is the right of the tenant to occupy the space for the upcoming month or rental period, for which they have already paid the rent.

  3. Established Setup: This system is a common practice where the tenant pays for the upcoming rental period and not the one they have already used the property for. 


This is all I have to share with you regarding the advance payment of commercial rent. I hope this will help.


Save Big on Your Office Rent Via NB InstaCash!



Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners