Common use of Return of the Deposit Clause in Contracts

Return of the Deposit. unless the deposit is confiscated or deducted as stipulated aforesaid, Lessor should return the deposit to lessee 30 days after the following conditions happen: (a) the tenancy period is terminated, or the Agreement is rescinded before the date of expiry under the stipulation of the Agreement, and lessee has returned the leasing units to lessor according to Article 2.14; (b) lessee has fulfilled its obligation to pay for the compensation to lessor for breach of Agreement; (c) lessee has paid all bills which includes but not limited to telephone ▇▇▇▇, electric ▇▇▇▇, telecommunication ▇▇▇▇. Lessor should return all the deposit money with out interest to lessee if it has not been deducted, distrained by lessor under the Agreement.