When I was hunting for my current apartment, I kept thinking, "how much rent do you pay in advance?" Honestly, it’s not the same everywhere and depends on the landlord and local laws. Like in Karnataka, landlords can ask for a maximum of 6 months\' rent in advance as a security. I have shared more details I came across below for you.
How Much Rent can a Landlord Ask for In Advance?
I don’t know about the amount of the advance fee the tenant is required to pay before taking the rental property. You should carefully review the rental agreement as it contains these details. However, here’s what I learned about how much rent in advance can a landlord ask for here in Bangalore.
Rules like the Model Tenancy Act cap the advance in many states like Karnataka. However, other states may still follow older, less regulated practices. This rule, approved by the Union Cabinet, is being implemented across different states to prevent unfair demands.
Some landlords in metro cities might still ask for six months or even a year’s rent upfront, especially if demand is high.
You don’t always have to agree to the first demand. If you’re confident, you can negotiate for lower advances, especially if you’re a long-term tenant.
Whatever you agree on, make sure the amount is clearly stated in the rental agreement for mutual clarity and legal safety. I hope you found this helpful.
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Are you talking about the security deposit">Check out properties for rent in Bangalore with deposit amount here on NoBroker I hope you find this helpful :)
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
How much is the Rent Advance?
Anil Kumar
222 Views
2 Answers
2 Year
2022-03-29T11:20:18+00:00 2024-12-18T08:03:20+00:00Comment
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