Tenancy Policy

Placio network of properties are having different packages as per the property type and property specific entitlements. The payment as per the package is payable on or before move in to the property

To make it affordable and customer friendly, Placio takes only Rs. 5000 as refundable security money, payable at the end of contract terms. The security amount can be adjusted against any damage to furniture, fixture or non payments of utilities bill or for any other financial obligation necessitated due to misconducts during stay in Placio properties. The payment received towards booking of Bed or Room will not be refunded on cancellation.

We accept a fixed token amount of Rs.5000 to reserve inventory of your choice. Token amount is NON-REFUNDABLE.

As per our policy, we shall reserve this unit for the next 48 hours only. To confirm the stay, tenants have to make balance payment as per agreed terms to avoid cancellation.

Our website allows multiple payment options like Net Banking, Credit Card and Debit Card adding convenience to make payments online.

We DO NOT accept CASH, Cheque or online transfer through NEFT / IMPS directly in our bank account.

As these properties are for Student housing and agreement is signed for whole academic session, we have a minimum of 1 Year as lock-in period. In such case, tenant will have to serve notice according to the agreement signed or will have to compensate monetary losses to the company for leaving early.

Before Payment and move in to the property Parents and student are advised to make it sure that they are booking the Bed/room in the property for the whole academic session with contract expiring on 30th every year. Company has no refund policy once agreement is signed and payment is done

We shall deduct the following charges, if applicable, from security deposit, any

  1. late payment fine
  2. Unpaid utility bill payments
  3. Damage charges caused by tenant based on actuals and as agreed upon.

As per local laws, it is mandate for tenant to submit their documents and clear police verification before moving into the Property. Below is the list of documents to be submitted before move in.

  • • Student and Parent PAN Card
  • • Student and Parnt Aadhar Card OR Passport Copy OR Driving License OR Voters ID
  • • Student ID Card OR Letter from the University

Our packages include most of the items from your desired checklist. Just to make expectations clear, we have listed the fine prints below:

  • • Fully furnished AC room with Bed, Mattresses, Pillow, chair, table
  • • High speed internet
  • • Laundry*
  • • Daily room cleaning
  • • Private or common TV
  • • Cafeteria *
  • • In house healthy and hygienic Food*
  • • Indoor gaming zone*
  • • Gym*
  • • Pick and Drop facility*
  • • Dedicated Property and Community manager
  • • 24X7 Emergency help line
  • • Parents helpline

*Some are the entitlements are property specific

Please check package inclusion, specific to particuler property before you sign of the contract

  • • Tenant shall not consume alcohol / drugs / smoke / engage in illegal activities in the apartment.
  • • For maintenance and/or showing premises to any prospective Residents , Placio shall keep an extra key of the premises. It is hereby advised to all the Residents to keep their valuables locked inside the cupboards and not to leave them unattended. Neither the Home Owner, Placio nor its service partners / vendors shall not be held liable/ responsible for the same.
  • • According to the local laws, you need to keep the music / TV volume / noise, low. Please be respectful to the fellow residents and keep noise to bear minimum after 10 o'clock, at night.
  • • Residents shall not permit any members of the opposite sex in the rooms. They can visit and enjoy in the common area but not beyond 8pm. Family members can visit the property with prior written approval of Placio for permitted hours. Incase of any family / friend staying over for a night in the apartment, it will be considered as violation of this rule and responsible tenant will be charged a penalty of one month's rent.
  • • Residents are expected to be responsible in the house. Don't leave any electric or electronic gadgets plugged in to the power outlet or unattended on the bed. Some of the gadgets generate heat which might start a fire, when in contact with a fabric or a highly flammable material.
  • • Prepaid meters are installed in room, you shall recharge the it for your electricity consumption. You shall have full control over your electricity expenses
  • • A set of house keys (Main door key and wardrobe key only) will be handed over when you move in. Make sure you don't lose them. Incase you do, replacement will cost you Rs.500/- per key. Knowing that the property is set up as shared accommodation, we strongly recommend Residents not to lock bedroom doors. Any tenant found locking bedroom door and adding discomfort to fellow roommate or our support staff by limiting access to the room will be fined Rs.1000/-.
  • • Please turn off all the lights, fans, ACs & other appliances while leaving the room.
  • • Incase of any theft, damage, injury or mishap which may eventuate in the duration of the tenant's stay, Placio will not be held responsible for any damage to you or your personal belongings.
  • • There is a dedicated property manager for each property and Placio Community manager mapped to you. You can raise your complaint with them. Complaint cam also be logged in through care@placio.in or call up at our IVR number 7053109531
  • 1. You shall take of your room as your own home as it is your home at how away
  • 2. You shall look after you roommates like a buddy and more than your family
  • 3. You shall be good to your room mates and other friends in the property and enjoy your stay happily
  • 4. You shall not host guests in the property after 8pm
  • 5. You shall invite us on your birthday
  • 6. You shall keep place clean
  • 7. You shall not smoke and consume alcohols and drugs in the property
  • 8. You shall study hard and party harder but should not disturb peace of others
  • 9. You shall enjoy the entitlement responsibly, and take responsibility for any damage due to negligence
  • 10. You shall be respectful to mother earth and shall not waste water and Electricity