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R Saxena (owner)     08 January 2017

Increase of security deposit

Dear members,

my landlord took one month security deposit. after an year, he increased rent by 10%, which I gave. now he asking me to increase security deposit to match current rent. is this right ? ( Eg, I started at Rs. 5000 rent, and Rs. 5000 security deposit; after one year he is asking for rent Rs 5500, which I have given. now he says, to increase security deposit to match current rent, that is Rs. 5500). Am I required to increase the security deposit ?



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 1 Replies

adv.bharat @ PUNE (Lawyer)     08 January 2017

Security deposit and rent is mutual understanding between tenant and landlord.

Its better to do registered rent agreement to protect our rights.

Will u appreciate this answer by giving likes on my Profile?


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