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Security deposit for renters in Bangalore to be only 2 months and not 10 months

This petition had 13 supporters


Bangalore is the only place in India where land lords ask for 10 months security deposits from renters. This should be restricted to only 2 months which is practiced across all other cities in India.

If the rent is Rs. 20K then giving security deposit of Rs. 2 Lakhs puts a hole in a common mans pocket. Sometimes people have to take personal loan to pay for security deposit.

The Govt. should regulate this and restrict it to 2 months only.

Thanks



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