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Central law yet to be enforced, tenants pay massive deposits
Many people find it beyond their means
By Ayas Chandra
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Tenants in Bengaluru have to pay more than three months of rent as a security deposit as the Karnataka government has not implemented the Union government’s Model Tenancy Act, 2021
According to the Model Tenancy Act, a landlord can charge rent for only two months in advance as a security deposit for residential places The law has not yet been implemented in Karnataka, where the Rent Control Act of 1999 is still in force
Ranaditya Sengupta, an employee of an advertising agency who moved to Bengaluru in June 2022, informed The Observer: “I am looking for an apartment
Tenents find it difficult to pay 5 months of massive rent as security depositiess
Credit: Ayas Chandra
Most landlords are asking for a minimum of three months of rent as a security deposit, which is around Rs 45,000, and the rent for the first month is approximately Rs 15,000, which is beyond my budget.” Temporarily he is staying in a PG accommodation at Marathahalli Swarthak S, an employee of BPO company, rented an apartment near Koramangala along with two of his colleagues in April 2022 When they were looking for flats, he shared, every landlord asked for at least three to six months of rent as a security deposit in addition to the first month’s rent, which was way beyond their means
Biju N, a landlord who is trying to rent out his 2BHK house in Indiranagar, said: “A tenant must pay Rs 50,000 in advance as the security deposit and one month’s rent of Rs 15,000 It is common among landlords to charge at least three months of rent as a deposit along with the first month’s rent in advance ”
Madhu Kumar, who is trying to rent out his 2BHK home in Eshwar Layout, Indiranagar, said: “A tenant needs to pay at least four months’ rent, that is Rs 1,08,000, as a deposit and one month’s rent of Rs 27,000 in advance ”
Keshav Sidappa, a house broker, said that, to get a house in Bengaluru, a tenant usually has to pay five or six months of rent, which is around Rs 50,000, as a security deposit and a minimum of one month’s rent.
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