Common use of Refundable Security Deposit Clause in Contracts

Refundable Security Deposit. The renter shall remit a $200 Security Deposit when renting the Shul. Arzei Darom 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, Arzei Darom will return the entire amount of the Renter's Security Deposit to the Renter within 14 days.

Refundable Security Deposit. The renter shall remit a $200 300 Security Deposit when renting the Shul. Arzei Darom 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, Arzei Darom will return the entire amount of the Renter's Security Deposit to the Renter within 14 days.