Common use of Refundable Security Deposit Clause in Contracts

Refundable Security Deposit. The renter shall remit a $100 Security Deposit when renting the Shul. Netivot Shalom shall have the right, in its sole discretion, to apply the Renter's Security Deposit to any additional fees or costs incurred. Renter will be responsible for any deficiency. If no fees or costs are incurred, Netivot Shalom will return the entire amount of the Renter's Security Deposit to the Renter within 14 days.

Appears in 2 contracts

Sources: Facilities Rental Agreement, Facilities Rental Agreement