Landlords demanding for a 10-months to 1-year security deposit from prospective tenants is quite a common norm in Bengaluru. This practice is often quite shocking for young professionals migrating from other cities to Bangalore since this trend is still not very prevalent in other major Indian cities.
Fresh college graduates who have just joined a job at times have no other option than to borrow money from friends and family. Even though the security deposit is quite exorbitant, most of the tenants have no other option than paying the same.
Rachelle Chandran from Bengaluru has filed an online petition in March protesting against the very high security deposits demanded by the landlords in Bengaluru. She has demanded for implementation of uniform rent law across Bengaluru for security deposits.
It’s a common practice to ask for a high security deposits from tenants and the full amount not being returned by landlords. The owner has the right to deduct security deposits by mentioning random maintenance costs. This is a highly unfair practice and the petition demands an answer to the same.
The petition mentions the Model Tenancy Act 2011, which recommends a set of rules “to balance the rights and responsibilities of landlords and tenants” with other clauses to protect the tenants’ interest. Another suggestion mentioned in the petition is to reprimand a landlord who charges security deposit 3 times in excess of monthly rent.
The petition also demands for a “fast-track rent tribunal” to solve the issues between landlords and tenants and the ability of tenants to file FIR against landlords in case of any money fraud.
About 3,000 people have already signed the petition and are voicing their anguish while supporting the petition.
Although the petition is a great initiative and if action taken, it will help the tenants and save them from depositing a large sum of money in the name of security deposit, another fact cannot be left unnoticed that the rights of the landlords also need to be protected while making new laws as there are also situations wherein tenants refuse to pay for maintenance charges or repair work that occur due to their negligence! The amends to the law needs to a balanced one, protecting the interest of both the landlord and the tenants.
Source: The News Minute