Deposit Agreement India

Recent reports claim that activists have called for standardization and that it should be set at one to three months` rent. This happened after messages appeared about owners asking for a 10-month deposit. Therefore, the essence of any rental agreement is the occupation of the rental property by the tenant. The occupancy of the house is the threshold event after which the rent is due. If you notice the difference between the two complaints mentioned above, the importance of the deposit will be established. There is the same chance that tenants or landlords feel betrayed. In the first case, the tenant was expected to get up for repainting. On the other hand, a landlord who was waiting for new tenants had to spend his money on something he had asked for. The tenant, however, resigned and did not keep his word.

This justifies the need for a surety and a lease that also sets the clauses.