Jun 13, 2023Real Estate Deconstructed
Rental Deposit: A Guide to Rental Deposits in India
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Contents
Frequently asked questions
Can the tenant use the rental deposit as the last month's rent?
Ans: No, the rental deposit cannot be used as the last month's rent unless explicitly agreed upon by the tenant and landlord in the rental agreement.
Is the rental deposit the same as the advance rent?
Ans: No, the rental deposit and advance rent are distinct. The rental deposit serves as a security against damages, while the advance rent is an upfront payment for future months of occupancy.
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