Security Deposit Escrow: How It Protects Both Tenants and Landlords
By Mypropey Editorial Team · 5 min read · 2026-02-01
Security deposit disputes are the #1 source of friction in Indian rentals. Escrow fixes that by removing the trust gap.
How escrow works
The tenant transfers the deposit to a regulated escrow account held by Mypropey. The landlord cannot withdraw it during the tenancy.
At move-out, deductions for verified damages or unpaid rent are released to the landlord; the remainder is returned to the tenant within 7 days.
FAQs
Who holds the security deposit?
Mypropey holds it in a regulated escrow account — neither the landlord nor the tenant can move the funds unilaterally.
How quickly is the deposit refunded?
Within 7 days of move-out, after both parties confirm the inspection report.