DeFi Daily News
Monday, April 20, 2026
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

rewrite this title and make it good for SEO’You are insanely lucky if you get…’: Netizens react after Bengaluru man exposes ‘biggest scam’ in rental security deposit

Business Today Desk by Business Today Desk
November 16, 2024
in Business Finance
0 0
0
rewrite this title and make it good for SEO’You are insanely lucky if you get…’: Netizens react after Bengaluru man exposes ‘biggest scam’ in rental security deposit
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

In a tweet that resonated with many, tech entrepreneur Varun Mayya shared his frustrations about a common issue faced by renters in Bengaluru.

He tweeted, “The biggest scam in Bangalore is when you are leaving an apartment and the owner sends you a fraction of the security deposit claiming ‘damage’ or something despite no evidence. I’ve lived in maybe 10 apartments and this illegal retention of deposit has happened every single time.”

Mayya’s tweet gained significant attention, amassing 1.1 million views, as other renters from across India joined the conversation, sharing similar experiences. This sparked a broader discussion about the widespread issue of unfair retention of security deposits.

In addition to the deposit retention issue, renters in Bengaluru are also facing sky-high security deposits, with many landlords reportedly demanding 10 to 12 months’ worth of deposit.

the biggest scam in bangalore is when you are leaving an apartment and the owner sends you a fraction of the security deposit claiming “damage” or something despite no evidence. I’ve lived in maybe 10 apartments and this illegal retention of deposit has happened every single time

— Varun Mayya (@waitin4agi_) November 13, 2024

A commenter pointed out that this problem is not limited to Bengaluru, extending to other cities like Gurugram and Mumbai. “You are insanely lucky if you get >70% of your security deposit back,” one user shared.

In response to Mayya’s tweet, one user humorously suggested a workaround: “The best way to avoid this is to hand over the apartment to a new tenant and take the deposit from them.” However, other users pointed out that such informal solutions might not always be practical, particularly when dealing with uncooperative landlords.

Many renters shared their experiences of landlords withholding deposits without the legal proof required under the Karnataka Rent Control Act. According to the law, landlords must return the full security deposit within 30 days after a tenant vacates unless they can provide itemized receipts or evidence of necessary repairs. However, enforcing these rules remains difficult. One commenter shared how their friend in Mumbai had to call the police to recover part of her deposit after her landlord initially refused to comply.

In contrast, a user from Mizoram highlighted the starkly different rental culture in the northeastern state. “Nobody even knows what security deposits are over here. No rental agreements either, just trust,” the user said.

Some commenters mentioned that they managed to reclaim their deposit only by sending legal notices, a process that proved effective but time-consuming. However, for many tenants, the time, effort, and resources required for legal action make it an unattractive option, and they ultimately write off part of their deposit as a lost cost.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BengaluruBiggestDepositExposesget..GoodInsanelyLuckyManNetizensReactRentalrewriteScamsecuritySEOYoutitle
ShareTweetShare
Previous Post

rewrite this title with good SEO Africa Crypto Week in Review: Ex-Twitter CEO To Attend Bitcoin Conference in Nairobi, Algorand Driving Crypto Adoption In Nigeria As VALR Breaks 1 Million Client Mark

Next Post

How to Clone Yourself With Meta’s AI Studio

Next Post
How to Clone Yourself With Meta’s AI Studio

How to Clone Yourself With Meta’s AI Studio

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Google Unveils Flow: An All-in-One AI Video Editing Tool That Can Do It All!

rewrite this title Google Unveils Flow: An All-in-One AI Video Editing Tool That Can Do It All!

May 21, 2025
rewrite this title What Are Ordinals? Bitcoin NFTs Are Gaining Significant Attention

rewrite this title What Are Ordinals? Bitcoin NFTs Are Gaining Significant Attention

June 27, 2025
Understanding Tariffs: A Guide by NerdWallet

Understanding Tariffs: A Guide by NerdWallet

October 7, 2024
New study reveals significant increase in breast cancer rates among Asian Americans

New study reveals significant increase in breast cancer rates among Asian Americans

October 1, 2024
rewrite this title and make it good for SEOIncome-Tax Bill 2025 vs Direct Tax Code proposals: How are they different

rewrite this title and make it good for SEOIncome-Tax Bill 2025 vs Direct Tax Code proposals: How are they different

February 12, 2025
rewrite this title and make it good for SEO Hyperliquid Deep Dive: Understand HYPE and HLP Model

rewrite this title and make it good for SEO Hyperliquid Deep Dive: Understand HYPE and HLP Model

April 3, 2025
rewrite this title Finastra Brings Payments Innovation to Japan’s MUFG – Finovate

rewrite this title Finastra Brings Payments Innovation to Japan’s MUFG – Finovate

April 20, 2026
rewrite this title and make it good for SEOLabor Secretary Lori Chavez-DeRemer leaves Trump’s Cabinet after allegations of having an affair with a subordinate and drinking on the job | Fortune

rewrite this title and make it good for SEOLabor Secretary Lori Chavez-DeRemer leaves Trump’s Cabinet after allegations of having an affair with a subordinate and drinking on the job | Fortune

April 20, 2026
Tim Cook Steps Down as Apple CEO—What Happens Next?

Tim Cook Steps Down as Apple CEO—What Happens Next?

April 20, 2026
rewrite this title Playdate Gaming Handheld Maker Bans Generative AI Tools for Development – Decrypt

rewrite this title Playdate Gaming Handheld Maker Bans Generative AI Tools for Development – Decrypt

April 20, 2026
Live: Stocks fall as US-Iran tensions flare up again, shuttering Hormuz | Apr. 20, 2026

Live: Stocks fall as US-Iran tensions flare up again, shuttering Hormuz | Apr. 20, 2026

April 20, 2026
rewrite this title Post-spring SEC coach rankings: Who’s No. 2 after LSU’s Lane Kiffin?

rewrite this title Post-spring SEC coach rankings: Who’s No. 2 after LSU’s Lane Kiffin?

April 20, 2026
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.