No Security Deposit Clause Samples
The "No Security Deposit" clause specifies that the tenant is not required to provide a security deposit as a condition of entering into the lease or rental agreement. In practice, this means the landlord cannot demand an upfront sum of money to cover potential damages or unpaid rent, and the tenant is not obligated to pay any such deposit before moving in. This clause simplifies the leasing process by reducing the tenant's initial financial burden and eliminates disputes over the return of a deposit at the end of the tenancy.
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No Security Deposit. Select the first statement in Article VIII if the Short-Term Landlord will not require a security deposit to be submitted from the Tenant.
No Security Deposit. There shall be no deposit required for the successful performance of this Agreement by the Tenant (“Security Deposit”). ☐
No Security Deposit. Tenant is not required to provide Landlord with any security deposit in connection with this Lease.
No Security Deposit. Tenant shall not be required to deposit any sums with Landlord as security for Tenant’s performance of its obligations under this Lease.
No Security Deposit. There is no deposit required for the security of this Agreement (“Security Deposit”).
No Security Deposit. No security deposit is required hereunder.
No Security Deposit. Notwithstanding anything to the contrary contained in the Lease, Assignee shall not be required to deposit any Security Deposit with Landlord.
No Security Deposit. Lessee shall not be obligated to pay a security deposit in connection with this Lease.
No Security Deposit. The Lease Agreement shall not contain any requirement for the posting of a security deposit.
No Security Deposit. Tenant confirms there is no security deposit related to the storage area, and no portion of any existing deposit applies to such area.