Tenants beware of Landlords who want HEAVY DEPOSIT & no monthly rent. They will NOT REFUND deposits

Some property owners offer to let tenants live in their flat WITHOUT RENT, on the condition that they are paid a "heavy deposit" of a few lakhs. However, if you calculate the interest amount that the property owner i.e. landlord would earn by way of interest on such a heavy deposit, you would realize that the deal does not make commercial sense.

In most cases, it can only mean that your landlord has no intention of returning your deposit amount in the end. The landlord may intend to consumer the deposit amount rather than putting it aside for refunding you.

Avoid HEAVY-DEPOSIT NO-RENT properties offered by dishonest landlords.

ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
Email [email protected]  
Twitter @BravePedestrian
Mumbai

#Deposit #flat #rentalproperty #tenants #landlords #India #mumbai
#rental #property #tenant #landlord #consumereducation #legalliteracy