Let me help you with what is a bond rent? Bond rent in India refers to the informal practice where tenants pay an upfront, non-refundable sum to secure a rental property, often in addition to a refundable security deposit and monthly rent. This is an extra payment that does not contribute to the eventual rent or serve as a security against damages.
What Is Bond Rent?
Bond rent is essentially a premium paid for the privilege of renting a particular property. It is commonly found in areas with high demand and limited housing supply, allowing landlords to extract more value.
Several factors contribute to the prevalence of bond rent
High Demand: Scarcity of affordable housing, particularly in major cities, gives landlords leverage.
Lack of Regulation: Loopholes or ambiguities in existing rent control laws enable the practice.
Informal Agreements: Transactions are often conducted informally, making it difficult to track and regulate.
Power Imbalance: Tenants, especially those desperate for housing, are often compelled to comply.
Impact on Tenants: Bond rent increases the financial burden on renters, making housing less accessible and affordable, particularly for low-income individuals and families. It also creates an uneven playing field, favoring landlords at the expense of tenants' rights.
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What is a Bond Rent?
Sima88
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2025-05-30T14:16:52+00:00 2025-05-30T14:16:53+00:00Comment
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