A young person is keen to rent your home in Bangalore for the next five years. They’re willing to pay a lump sum of ₹12 lakhs as a security deposit (interest-free). What are the best ways to ensure both you and your tenant are legally protected throughout this arrangement?

It’s best to formalize the agreement with a registered lease deed outlining the terms, including the security deposit amount and its return conditions. This protects both parties and avoids future disputes. You should also ensure the tenant’s identity is verified and their background is checked.