Landlord asking for increase in deposit along with rent…
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Landlord asking for increase in deposit along with rent increase.
So our rent is going up as per rera, no problem and agreed with the landlord. But he sent through an addendum for us to sign with an increased deposit payment.
We have lived here 4 years and that’s never been the case along with each years increase.
Can he do that? Is it something that is as per rera rules that if the rent increases then the deposit has to increase to be 5% of that?
#local
So our rent is going up as per rera, no problem and agreed with the landlord. But he sent through an addendum for us to sign with an increased deposit payment.
We have lived here 4 years and that’s never been the case along with each years increase.
Can he do that? Is it something that is as per rera rules that if the rent increases then the deposit has to increase to be 5% of that?
#local
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