Since real estate prices in Bengalur are rising, the rising number of tenants expresses frustrations of what they call “unspoken fraud” – Landlors reduce security deposits without clear justification when tenants move. Many report vague reasons such as “wall marks”, “normal use of use” or less concerns about cleanliness that are cited for these deductions. Tenants often claim that there are no formal agreements that feel helpless and blind.
“This is the biggest fraud in Bangalore,” wrote Ak Mandhan, an investment advisor, on the X X -Media platform.
Mandhan is not alone in facing this problem. Many tenants across Bengalur tell a comparable experience where landlords hold important parts of their safety deposits using explanations such as “Wall Spots”, “wear” or small cleaning tasks. Often there is no documentation that indicates these deductions, and tenants believe that the accusations are stored unfairly and without space for discussion.
How many landlords do they charge as security deposits?
In Bengalur, tenants are usually obliged to determine security deposits corresponding to the rent of six to 10 months. For those paying £40 000 per month is reflected in a hefty amount £2.4 lakh and £4 lakh. A deduction of only 20% when moving can mean a considerable loss-timed without any official explanation, according to the Hindustan Times report.
Although the awareness of unfair deposit practices is increasing, tenants still find themselves in matches with inconsistent standards. While the accepted standard ranges from six to nine months of rent, many tenants claim that the landlords demand almost double, which further tension the availability on the already costly market.
Reason for buying a house
For many investors, buying a house is not just about investment – it’s also about regenerating peace of mind, saying redditors.
“I ended up with bad landlords, annoying roommates and endless arguments about deposits that were detained for something as smaller as scratches on the wall,” said one user Reddit and thought about their decision to buy a house. “No more negotiations with landlords who ignore repair requests or disappear when they need to repair something. No more lifestyle compromises such as vegetable debates or without vegetative food.”
For this owner of the house, the decision to buy was not only financial, but deeply personal. “I did my interiors as I wanted. I live in the space I work for me, nor the one I have to adapt to. Thank you every day for buying a foresight.
(Tagstotranslate) Bangalore News
