Selling Kidneys, Jewelry - How People are Arranging for a Rental Security Deposit
Summary
Recently, a funny post surfaced on social media where a user joked about selling a kidney to pay his security deposit. There are reports of landlords asking for six to ten months of rental deposits, driving up the total amount in lakhs. It is a refundable deposit that the landlord has to pay back at the end of tenancy or as specified in the rental agreement. The deposit can be deducted to recover any unpaid rent arrears, pay for repairing any damage to the property, or for any other fee as specified in the rental agreement. Since the purpose of the deposit is to protect the landlord against any loss or damage to the property, start by establishing yourself as a trustworthy tenant.
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industries
Fintech & Banking
applications
Accounting and Taxes
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SaaS
Property Management Software
Accounting Software
Linked Companies
ApnaComplex
$1M to $5M
AddToAny
$10M to $25M