How to Find the Best Deals to Get the Lowest Security Deposit on Your Rental Properties

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Last Updated on June 10, 2023 by

A security deposit is a financial deposit equivalent to the rental income of one month that the renters pay. This is used as security for any damages or repairs and replacements due to the renters. Also, the security deposit process was started to offer a level of security to the landlords. So, if they come across some renter who defaults on their payment of rent, they already have a month of the lowest security deposit to take care of it.

A security deposit generally takes away a huge cut from your income. As a rule of thumb, it is equivalent to the amount of your one month’s rent. This will increase the cost you incur by double. Also, the primary reason was to protect the landlords from defaulters, which can now be easily done by showing your income statement. But yet, not many landlords have gotten used to the fact, and they keep a month’s rent for the security deposit.

In times like these, if you want to reduce the financial burden that this creates on you, you should get a rental list of properties from a mediator agency that takes the guarantee for your security deposit to the landlord. You can rent a home of your choice with zero security deposit. Nestaway has this feature on its portal, offering you a fully furnished house for rent with a zero-security deposit. If you are looking for such an option, let us check out some offerings by Nestaway.

Availability of Furnished Apartments at Nestaway

Nestaway is an online portal that offers you a wide range of database of rental homes in different cities for your next rental space. They aim to reduce the financial burden on their customer base as much as possible. For this reason, they provide facilities like zero or lowest security deposit for fully furnished homes.

In the below section, we list some of the best and most rental property in different regions. Let us dive in:

1 BHK Fully Furnished Flat for Rent

Nestaway offers you a fully furnished 1 BHK home for rent in various cities across India. For a 1 BHK fully furnished flat, you get a furnished kitchen with drawers, shelves, and basic furniture you need for a kitchen.

For the bedroom, you get a bed and a cupboard to make the room fully furnished, and you will need to shift to this location with your clothes and utensils. You will also get a hall with a sofa, and TV elevated furniture and everything else you need in a drawing room.

2 BHK Fully Furnished House for Rent

In the 2BHK fully furnished flat, you get everything in a 1BHK flat, but as an additional room, you get the furniture for the same. You get another room you can use as your children’s or your guest’s room. This will come with a closet, bed, and bathroom attached in some cases, depending on the elevation and layout of the home.

3 BHK Fully Furnished House for Rent

The 3 BHK furnished home will be higher on the rental price than the average, but you will receive amenities for the same. You will get a fully modular kitchen over and above the furniture with extra amenities like a chimney and whatnot.

For the drawing room, you have a presentable décor space in the home, and you get the basic furniture and furnishings that go into such a home. You have 3 bedrooms, of which you can expect the master bedroom and one other bedroom to have an attached bathroom, but for the third one, there will be a public bathroom closer to the room. 

Private Villa Fully Furnished House for Rent

A private villa has no stop on the amenities. Depending on how they charge you, you can find luxury amenities such as a swimming pool over and above the luxurious well-designed home that6 elevates the aura of the entire space. It is 4 BHK or more and fits a full family. These are mostly situated in gated communities but cost an insane amount of monthly rent.

Hotspot Markets

  • Bangalore
  • Chennai
  • Gurgaon
  • Hyderabad
  • Noida
  • Delhi
  • Mumbai
  • Mysore
  • Dehradun

The Practical Rental Scene Example

Fully Furnished House for Rent in Bangalore

Bangalore has become one of the most prominent places for people, credited to the bustling career opportunities in the city. This makes the rental market a golden hotspot in Bangalore. A couple of options for you to look at in Bangalore for rent offer a fully furnished home. You can choose from 1BHK, 2BHK, 3BHK, 4BHK, or a whole independent villa for yourself and your family.

All you need to do is go on this Nestaway portal and filter out the location, furnishings, and size of the apartment, and you will have some of the best rents at your disposal. The rental prices fluctuate with the area you choose.

Offers by Nestaway

You can avail of many offers when you opt to find a property for yourself via Nestaway. Some of these offers are:

  • Zero Security Deposit: You pay no security deposit for rental property.
  • Minimum Security Deposit: You only pay a bare minimum-security deposit for the rental property.
  • 7 days free rent: Some properties offer 7 days free for rent and charge you only for 3 weeks in your first month.
  • 15 days free rent: Based on your choice and price of rental property, you become eligible for 15 days of free rent.

Conclusion

The rental market is growing by leaps and bounds every day, so you will never be at a shortage of options, but the most important thing is to have disposal at the best financial savings. This means that all you need to do is to find the most suitable financial option with the best amenities and locality for your rental property.

Apart from that, if you are interested to know about What Makes a Fixed Deposit the Safest Investment Option in a Risky Market? then visit our Business category.