Mayank Pincha, Apartment Resident
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Hi, are owner's passing on the entire maintenance on to the tenants ?
Q: Since the Owners are getting back their deposit money they should absorb the maintenance. If passed on to tenants, it will increase the rent &make Mantri Tranquil less attractive for tenants. What's happening on this front? Will be happy to have some information.

Latest Answer: As such while the deposit was held, that money was not available to be spent by the owner. Now that 2.5 lacs deposit is being released, it could be kept in an FD in Bank & generate some interest per month which can be paid by the owners towards maintenance. So the question owners & tenants should ask, is if market is ready to absorb the additional maintenance. If the answer is No, then even in the short term if tenants are forced to absorb it, in the medium term people will realize & rates will come down. In the mean relationships would be lost & money will spent on agent's fees & movers & packers fees and either side will be the loser.

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