security deposit amount
How much Security deposit to be paid on commercial land
Answer 1
As per a 1996 Supreme Court judgement in K. Narasimha Rao v. T.S Nasimuddin Ahmed, Civil Appeal no. 3823 of 1996, the Supreme Court has held held that the landlord is entitled to receive only one month agreed rent by way of advance and any amount paid in excess of agreed rent of one month by way of advance shall be refunded by landlord to tenant or adjusted towards rent.
Please Login or Register to Submit Answer
Need to talk to a lawyer?
Book a phone consultation with a top-rated lawyer on Lawfarm.