![]() ![]() What is the Legal Notice for the recovery of the Security Deposit? And the landlord must pay the security amount before the tenant's departure. After the time has elapsed, the tenant is free to leave the rented premises. This time is extended to the landlord so he can find a new tenant in one month. But he must provide the notice period of his departure to the landlord one month prior to his leave. ![]() ![]() The tenant can move from the rented place for whichever reason. Why must a Security Deposit be recovered?Īt the time when the tenant wishes to leave his rented accommodation, he can claim his deposited security amount with the landlord, with any possible deductions. Usually, the security amount is three to four times the tenant's monthly rent. This deposit amount is used in case the tenant, during his stay at the rented place, compromises or damages the accessories of the place or the place itself. Edit Legal Notice for Security Deposit RecoveryĪ Security Deposit is an amount a tenant pays their landlord when renting the latter's place.
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