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What should be a advanced deposit for a rental 2bhk or 1bhk

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0 2021-10-21T17:37:04+00:00
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I know searching for a house for rent in Bangalore is an exhausting task. And when you finally find a good property, then dealing with the landlord about rent paid in advance is another challenge. There was an unwritten rule to pay a 10 months advance deposit before. But, now, after the implementation of the Model Tenancy Act, the security deposit to be paid in advance, should:

(a) Not be more than 6 months of rent, in case of non-residential premises, and

(b) Not be more than 2 months of rent, in case of residential premises.

Check out the Current Property Rent Trends in Bangalore 2021 Check Out Affordable Houses on Rent in Bangalore on NoBroker

I hope now you know how does advance rent work.

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