Common use of Deposit is Required Clause in Contracts

Deposit is Required. The Lessee shall be required to pay the Lessor a security deposit in the amount of $ , due prior to or upon the signing of a lease. ☐

Deposit is Required. The Lessee shall be required to pay the Lessor a security deposit in the amount of $ $[AMOUNT], due prior to or upon the signing of a lease. ☐.