Rental Guide: Refund policies and security deposits?
While renting a home, a tenant must pay additional security money to cover any unanticipated or unavoidable expenditures that the landlord may have to incur at the tenant’s request. This sum, known as a security deposit, varies by city; for example, in Delhi, it is normally 1-2 months’ rent, although in some major cities, it might be as much as the full year’s rent. As a result, a potential tenant should clarify the security deposit and refund provisions with the property owner and include them in the rent agreement.
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