Common use of Rent and Security Deposit Clause in Contracts

Rent and Security Deposit. This part of the room rental lease agreement talks about the rent and security deposit. Monthly rent will be paid to the landlord per month which is due on the first of each calendar month unless the agreement takes off halfway into the month. In that case, it would be prorated. It is important to note that the rent can be paid in cash, check or any other forms as agreed by both parties and the tenant is expected to pay a security deposit as a form of insurance for any damage caused by the tenant. 5. Utilities: The rent will form part of utilities except as indicated otherwise. That means the tenant will responsible of paying a percentage of the gas, internet, garbage, and other charges. You can create a document to reflect these areas.