Terms & Conditions of Service

By registering an account on Octopus Estates or submitting any service intake form, you warrant that:

• All personal identification documents provided (including PAN, Aadhaar, Passport, or corporate authorization) are authentic, accurate, and lawfully obtained.
• You possess the full legal capacity, title, or valid Power of Attorney (POA) to negotiate, lease, or sell the subject property.
• You agree not to circumvent, directly or indirectly, Octopus Estates to execute transactions with parties, buyers, or tenants introduced through our platform or concierge network.

Scope of Service: The standard renewal service fee of ₹2,000 + GST covers:

• Drafting a standard 11-month Karnataka legal tenancy renewal agreement compliant with the Karnataka Rent Act and Transfer of Property Act 1882.
• Procurement of official Karnataka non-judicial e-stamp paper up to standard residential threshold.
• Facilitation of digital Aadhaar eSign or digital signature links to both Landlord and Tenant.
• Archival and generation of digitally executed stamped PDF contract in the user dashboard.

Scope of Service: The professional retainer of ₹50,000 + GST covers:

• Comprehensive 30-year title search & Encumbrance Certificate (EC) legal vetting by experienced property lawyers.
• Drafting of Exclusive Seller Representation Mandate (with agreed reserve price, validity period, and marketing commitments) OR Buyer-Seller Token Term Lock MOU.
• Incorporation of Section 194-IA TDS compliance, bank loan clearance contingencies, and forfeiture timelines.
• Guidance on Consulate/Embassy attestation for overseas NRI buyers and sellers.

*Disclaimer: Title due diligence is based on public registry records (Kaveri 2.0, BBMP, BDA). Octopus Estates acts as a transaction facilitator and broker, not a title insurance underwriter.

Scope of Service: The retainer of ₹50,000 + GST applies to high-value residential tenancies and commercial/corporate leases:

• Structuring and drafting of a binding Letter of Intent (LOI) or Rental MOU freezing commercial consideration prior to long-term registered lease deed.
• Drafting specific covenants for: rent-free fit-out periods (30–60 days), security deposit escrow conditions, multi-year lock-in obligations, and early termination penalties.
• Society commercial NOC conditionality, power load allocations, and sub-letting covenants.

*Notice: Actual ad valorem stamp duty and sub-registrar registration charges for multi-year registered lease deeds under Article 30 of the Karnataka Stamp Act are payable separately by the parties as per their mutual lease terms.

All digital transactions are processed securely through Zoho Payments supporting UPI, Credit/Debit Cards, Net Banking, and International Cards.

• Goods & Services Tax (GST) is levied at the statutory rate of 18% (9% CGST + 9% SGST for Karnataka billing; 18% IGST for interstate and foreign remittances).
• An official GST-compliant tax invoice is automatically generated and permanently available for download in the client dashboard.
• Payment gateway processing charges, if applicable to specific international cards, are displayed transparently at checkout.

These terms, contracts, and all services rendered by Octopus Estates are governed by and construed in accordance with the substantive laws of India.

Any dispute, claim, or controversy arising under or relating to these terms shall be subject to the exclusive jurisdiction of the competent civil courts in Bengaluru, Karnataka.