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 NoBrokerI hope now you know how does advance rent work.
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Authors Of The Question
What should be a advanced deposit for a rental 2bhk or 1bhk
Ujjwal vijay
1389 Views
1 Answers
3 Year
2021-10-09T18:23:52+00:00 2021-10-21T17:50:19+00:00Comment
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