Refund of advance rent by landlord

Refund of advance rent by landlord.—

1. (1) Where a landlord does not refund the amount of advance rent or security deposit to the tenant within the period as specified in the tenancy agreement, or where no such period is specified, within one month of the date of handing over of vacant possession of the premises to the landlord, after making specified deductions, the landlord shall be liable to pay simple interest to the tenant at such rate as may be prescribed for the period during which such refund is delayed.
2. (2) The tenant shall have the right to claim the refund of the amount of security deposit and advance rent or any other amount paid in excess, if any, along with the interest due thereon, from the landlord by making an application to the Rent Authority in such form and manner as may be prescribed.