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Leaving your rented flat before the lock-in period ends? Here's what happens to the security deposit

World 1 source 1 country 🔦 Under-reported 10m ago

Tenancy lock-in periods provide stability for both tenants and landlords. However, unforeseen events may require tenants to leave prior to the lease's expiration. In such cases, landlords might seek compensation for financial losses.

It's essential for tenants to thoroughly examine their contracts and discuss early termination options when feasible. Being aware of legal terms ensures clarity regarding the return of security deposits.

Summary from source
Read the full story at the source Times of India · IN
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