Security deposit for rented Houses should be 2X the Monthly Rent in Bengaluru.
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In Bengaluru, House Owners charge a huge amount in the name of Security Deposit. The amount is 10 times the monthly rent of the house. I feel this is incorrect and it impacts every tenant's life as the amount is stashed for no reason and it is very difficult to arrange such an amount in one go. On top of that, most of the house owners don't provide the PAN card details as well in order to exempt the HRA. Lastly, upon vacating the house they make thousand excuses in the name of maintenance, paint and keep 2 times the rent amount. Even they don't return the full amount in one go. They make us to go to them for 4/5 times to recover the remaining amount. This is one sort of physical and mental harassment along with humiliation. So, this has to stop and there has to be cap for security deposit maximum of 2 times rent or 50000 rupees, whichever is minimum. Help me, in implementing the rule and live peacefully !!
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