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Security Deposit

•In India, while renting any property, security deposit is the little or in some instances larger sum of interest-free payment that is given to the landlord.

•Security deposit is mostly refundable and is returned to tenant at the time of leaving but only after terms and conditions of tenancy/lease agreement are taken care of in true sense. 

•Amount of security deposit varies as per factors such as location, property type and total period of lease. 

•Some landlords provide bank guarantee to tenants in return of security deposit. 

 

 

 


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