I was searching for a house, and found one house, which suited many of my requirements, but not all. The rent for that house was Rs.6,000 and a deposit of Rs.35,000. I was not sure, whether I can get better house than that. So, I decided to take it, and paid an advance of Rs.1,000. After few hours, I realized that, it may be little difficult to adjust in that house, and I continued my searching for five days, and found another house. Immediately after finding the house that satisfied all my requirements, I told the previous house owner that, I would not take that house, and I lost the advance.
Who got benefited out of this?
The room rent is Rs.6,000 per month. For 5 days, it would be around Rs.1,000. Since, I reserved that room for 5 days, I paid Rs.1,000 for that. So, I was not in loss. The same thing with the house owner. But, the house owner might have more loss, if he was using paid advertisements, and he might have lost few potential tenants.
Many people do not understand this and think that I lost money in this, where as I did not lose anything.