From the tenants` point of view, the agreement should clearly provide for a healing period for the payment of arrears, failing which only the undisputed arrears of the surety should be customizable. Tenants should ensure that the security deposit is refunded at the same time as the tenant who evacuates the premises and does not do so, the tenant should be able to stay without paying rent or additional fees and receive interest on the amount of the unpaid deposit,» says Abhishek Sharma, partner and co-director of real estate, Cyril Amarchand Mangaldas. The owner must return the balance of the deposit (if any) after all correct deductions have been made…