Common use of Security Deposit Amount Clause in Contracts

Security Deposit Amount. Upon the execution of this Lease, Tenant shall deposit with Landlord cash or a check in the amount of the Security Deposit Amount to secure the performance by Tenant of its obligations under this Lease, including without limitation Tenant's obligations to (a) pay Rent, (b) repair damages to the Premises caused by Tenant, Tenant's agent(s), employee(s), officer(s) and/or independent contractor(s) of or retained by Tenant ("Tenant's Representatives"), and/or Tenant's guests, visitors, customers, invitees and/or licensees ("Tenant's Invitees"), (c) clean the Premises upon termination of this Lease, and (d) remedy future defaults by Tenant in any obligation under this Lease to restore, replace or return personal property installed or located in or on the Premises including without limitation trade fixtures, furnishings, equipment and inventory, signs, satellite dish ("Personal Property") or appurtenances. If Tenant defaults under this Lease, including without limitation a default described in the preceding sentence, Landlord may use the security deposit to cure such defaults and to compensate Landlord for all or a portion of Landlord's damage resulting from such defaults. Upon demand by Landlord, Tenant shall promptly pay to Landlord a sum equal to the amount so used by Landlord so as to replenish the Security Deposit Amount. Within thirty (30) days after the Expiration Date, Option Expiration Date or earlier termination of this Lease, Landlord shall deliver to Tenant, at Tenant's address, any portion of such Security Deposit Amount not used by Landlord, together with a detailed statement explaining how any portion of the Security Deposit Amount was used. Landlord may commingle such Security Deposit Amount with Landlord's other funds and Landlord shall not pay to Tenant interest on such Security Deposit Amount. In the event of a bankruptcy or other insolvency or a debtor-creditor proceeding against or by Tenant, the Security Deposit Amount shall be deemed applied first to the payment of Rent and other amounts due Landlord for all periods prior to the date of filing or instigating such proceedings. To the extent any debts, liabilities and obligations of Tenant under this Lease have not been satisfied, Tenant shall remain fully liable to Landlord for their payment and/or performance. Provided that Tenant has not been in default under this Lease beyond the cure period set forth in Section 12 below during the first sixty (60) months of the Term, Landlord shall return to Tenant the Security Deposit Amount at the end of such sixty (60) month period.

Security Deposit Amount. Upon 5.7.1 The Tenant must pay to and maintain with the execution Landlord the Security Deposit Amount:- (a) as security for compliance by the Tenant of this Lease, Tenant shall deposit with Landlord cash or a check all the provisions in the Lease; (b) to secure and indemnify the Landlord against: (i) any loss or damage resulting from any default by the Tenant under the Lease; (ii) any claim by the Landlord at any time against the Tenant in relation to any matter arising out of or in connection with the Premises; and (iii) without prejudice to the generality of the preceding sub-Clauses, any amount owing by the Tenant to the Landlord during any holdover period or subsequent lease of the Premises between the Landlord and the Tenant. 5.7.2 If any default by the Tenant under the Lease occurs, the Landlord is entitled (but not obliged) to apply the whole or part of the Security Deposit Amount to secure the performance by Tenant of its obligations under this Lease, including without limitation Tenant's obligations to in or towards:- (a) pay Rent, making good any loss or damage sustained by the Landlord as a result of any of the above in any manner as may be required by the Landlord; and (b) repair damages repayment of any expense incurred by the Landlord in making good the loss and damage, in any manner as may be prescribed by the Landlord. 5.7.3 The Tenant must pay to the Premises caused by Tenant, Tenant's agent(s), employee(s), officer(s) and/or independent contractor(s) of or retained by Tenant ("Tenant's Representatives"), and/or Tenant's guests, visitors, customers, invitees and/or licensees ("Tenant's Invitees"), (c) clean the Premises upon termination of this Lease, and (d) remedy future defaults by Tenant in any obligation under this Lease to restore, replace or return personal property installed or located in or on the Premises including without limitation trade fixtures, furnishings, equipment and inventory, signs, satellite dish ("Personal Property") or appurtenances. If Tenant defaults under this Lease, including without limitation a default described in the preceding sentence, Landlord may use the security deposit to cure such defaults and to compensate Landlord for all or a portion of Landlord's damage resulting from such defaults. Upon demand by Landlord, Tenant shall promptly pay to Landlord a sum an amount equal to the amount so used applied by the Landlord so under Clause 5.7.2, as to replenish replacement of the Security Deposit Amount. Within thirty (30) days after the Expiration Date, Option Expiration Date whole or earlier termination of this Lease, Landlord shall deliver to Tenant, at Tenant's address, any portion of such Security Deposit Amount not used by Landlord, together with a detailed statement explaining how any portion part of the Security Deposit Amount was used. Landlord may commingle such Security Deposit Amount applied, within seven (7) days of demand. 5.7.4 If from time to time during the Term, the Gross Rent is increased in accordance with Landlord's other funds and Landlord shall not pay to Tenant interest on such Security Deposit Amount. In the event of a bankruptcy or other insolvency or a debtor-creditor proceeding against or by TenantLease, the Security Deposit Amount shall likewise be deemed applied first increased and the difference shall be paid by the Tenant upon the Landlord’s notice requiring payment. 5.7.5 The Landlord must repay to the payment of Rent and other amounts due Landlord for all periods prior to the date of filing or instigating such proceedings. To the extent any debts, liabilities and obligations of Tenant under this Lease have not been satisfied, Tenant shall remain fully liable to Landlord for their payment and/or performance. Provided that Tenant has not been in default under this Lease beyond the cure period set forth in Section 12 below during the first sixty (60) months of the Term, Landlord shall return to Tenant the Security Deposit Amount at Amount. without interest and after proper deductions by the Landlord after the end of such sixty (60) month periodthe Term if the Tenant has paid all sums owing and performed all other obligations under the Lease to the satisfaction of the Landlord. 5.7.6 The Tenant must not set-off any part of the Security Deposit Amount against any Gross Rent or other sums owing to the Landlord.

Security Deposit Amount. Upon 5.7.1 The Tenant must pay to and maintain with the execution Landlord the Security Deposit Amount:- (a) as security for compliance by the Tenant of this Lease, Tenant shall deposit with Landlord cash or a check all the provisions in the Lease; (b) to secure and indemnify the Landlord against: (i) any loss or damage resulting from any default by the Tenant under the Lease; (ii) any claim by the Landlord at any time against the Tenant in relation to any matter arising out of or in connection with the Premises; and (iii) without prejudice to the generality of the preceding sub-Clauses, any amount owing by the Tenant to the Landlord during any holdover period or subsequent lease of the Premises between the Landlord and the Tenant. 5.7.2 If any default by the Tenant under the Lease occurs, the Landlord is entitled (but not obliged) to apply the whole or part of the Security Deposit Amount to secure the performance by Tenant of its obligations under this Lease, including without limitation Tenant's obligations to in or towards:- (a) pay Rent, making good any loss or damage sustained by the Landlord as a result of any of the above in any manner as may be required by the Landlord; and (b) repair damages repayment of any expense incurred by the Landlord in making good the loss and damage, in any manner as may be prescribed by the Landlord. 5.7.3 The Tenant must pay to the Premises caused by Tenant, Tenant's agent(s), employee(s), officer(s) and/or independent contractor(s) of or retained by Tenant ("Tenant's Representatives"), and/or Tenant's guests, visitors, customers, invitees and/or licensees ("Tenant's Invitees"), (c) clean the Premises upon termination of this Lease, and (d) remedy future defaults by Tenant in any obligation under this Lease to restore, replace or return personal property installed or located in or on the Premises including without limitation trade fixtures, furnishings, equipment and inventory, signs, satellite dish ("Personal Property") or appurtenances. If Tenant defaults under this Lease, including without limitation a default described in the preceding sentence, Landlord may use the security deposit to cure such defaults and to compensate Landlord for all or a portion of Landlord's damage resulting from such defaults. Upon demand by Landlord, Tenant shall promptly pay to Landlord a sum an amount equal to the amount so used applied by the Landlord so under Clause 5.7.2, as to replenish replacement of the Security Deposit Amount. Within thirty (30) days after the Expiration Date, Option Expiration Date whole or earlier termination of this Lease, Landlord shall deliver to Tenant, at Tenant's address, any portion of such Security Deposit Amount not used by Landlord, together with a detailed statement explaining how any portion part of the Security Deposit Amount was used. Landlord may commingle such Security Deposit Amount applied, within seven (7) days of demand. 5.7.4 If from time to time during the Term, the Gross Rent is increased in accordance with Landlord's other funds and Landlord shall not pay to Tenant interest on such Security Deposit Amount. In the event of a bankruptcy or other insolvency or a debtor-creditor proceeding against or by TenantLease, the Security Deposit Amount shall likewise be deemed applied first increased and the difference shall be paid by the Tenant upon the Landlord’s notice requiring payment. 5.7.5 The Landlord must repay to the payment of Rent and other amounts due Landlord for all periods prior to the date of filing or instigating such proceedings. To the extent any debts, liabilities and obligations of Tenant under this Lease have not been satisfied, Tenant shall remain fully liable to Landlord for their payment and/or performance. Provided that Tenant has not been in default under this Lease beyond the cure period set forth in Section 12 below during the first sixty (60) months of the Term, Landlord shall return to Tenant the Security Deposit Amount at Amount, without interest and after proper deductions by the Landlord after the end of such sixty (60) month periodthe Term if the Tenant has paid all sums owing and performed all other obligations under the Lease to the satisfaction of the Landlord. 5.7.6 The Tenant must not set-off any part of the Security Deposit Amount against any Gross Rent or other sums owing to the Landlord.

Security Deposit Amount. Upon At the execution time of the signing of this Lease, Tenant shall pay to Landlord, in trust, a security deposit with of . Landlord cash or a check in the must return any remaining amount of the Security Deposit Amount deposit to secure Tenant within 60 days of termination of the performance by Tenant tenancy.Landlord will retain only that portion of its obligations under this Lease, including without limitation Tenant's obligations deposit necessary to pay accrued rent or compensate Landlord for damages suffered by reason of Tenant's failure to maintain the dwelling unit.The deposit will be held in account at: , , , .The deposit will be held in account no. at: , , , .The deposit will be held in an account at: , , , .Tenant has the right to receive from Landlord a written list of all existing damages if ▇▇▇▇▇▇ makes a written request within fifteen (a15) pay Rentdays of Tenant's occupancy.The deposit will be held in account no. at: , (b) repair , , .The deposit will be protected by a bond from: , , , . The deposit shall be applied as follows: Security Deposit: to be held and disbursed for Tenant damages to the Premises caused or other defaults under this Agreement, if any, as provided by Tenant, Tenantlaw. Landlord has 30 days after the tenancy is terminated to mail a refund of the deposit if costs are deducted for damages that Landlord has suffered because of ▇▇▇▇▇▇'s agent(s), employee(s), officer(snoncompliance. POSSESSION. Tenant shall be entitled to possession on the first (1st) and/or independent contractor(s) day of or retained by Tenant ("Tenant's Representatives"), and/or Tenant's guests, visitors, customers, invitees and/or licensees ("Tenant's Invitees"), (c) clean the Premises upon termination term of this Lease, and (d) remedy future defaults by Tenant in any obligation under this Lease shall yield possession to restore, replace or return personal property installed or located in or Landlord on the Premises including without limitation trade fixtures, furnishings, equipment and inventory, signs, satellite dish ("Personal Property") or appurtenances. If Tenant defaults under this Lease, including without limitation a default described in last day of the preceding sentence, Landlord may use the security deposit to cure such defaults and to compensate Landlord for all or a portion of Landlord's damage resulting from such defaults. Upon demand by Landlord, Tenant shall promptly pay to Landlord a sum equal to the amount so used by Landlord so as to replenish the Security Deposit Amount. Within thirty (30) days after the Expiration Date, Option Expiration Date or earlier termination term of this Lease, unless otherwise agreed by both parties in writing. At the expiration of the term, Tenant shall remove its goods and effects and peaceably yield up the Premises to Landlord shall deliver in as good condition as when delivered to Tenant, at Tenant's address, ordinary wear and tear excepted. USE OF PREMISES/ABSENCES. Tenant shall occupy and use the Premises as a dwelling unit. Tenant shall notify Landlord of any portion of such Security Deposit Amount anticipated extended absence from the Premises not used by Landlord, together with a detailed statement explaining how any portion later than the first (1st) day of the Security Deposit Amount was usedextended absence. Landlord may commingle such Security Deposit Amount with Landlord's other funds and Landlord PETS. No pets shall be allowed on the Premises. Pets shall not pay be allowed without the prior written consent of Landlord. Tenant is permitted to Tenant interest on such Security Deposit Amount. In the event of a bankruptcy or other insolvency or a debtor-creditor proceeding against or by Tenant, the Security Deposit Amount have: No additional pets shall be deemed applied first to allowed without the payment prior written consent of Rent and other amounts due Landlord for all periods prior to Landlord. At the date time of filing or instigating such proceedings. To the extent any debts, liabilities and obligations of Tenant under signing this Lease have not been satisfiedLease, Tenant shall remain fully liable pay to Landlord Landlord, in trust, a deposit of , to be held and disbursed for their payment and/or performancepet damages to the Premises, if any, as provided by law. Provided that Tenant has not been This deposit is in default under addition to any other security deposit stated in this Lease beyond the cure period set forth in Section 12 below during the first sixty (60) months of the Term, Landlord shall return to Tenant the Security Deposit Amount at the end of such sixty (60) month periodLease. PROPERTY INSURANCE.

Security Deposit Amount. Upon a) The SECURITY DEPOSIT is $ . The full SECURITY DEPOSIT must be paid on or before the execution date this LEASE is signed. This amount does NOT include any animal deposit if applicable. b) Failure to pay the SECURITY DEPOSIT shall be considered a material breach of the LEASE and LANDLORD shall have the option of immediately terminating the LEASE. TENANT shall not be entitled to possession of the UNIT until the SECURITY DEPOSIT is paid to LANDLORD. The SECURITY DEPOSIT shall be held by LANDLORD as security for the faithful performance by TENANT of all of the terms, covenants, and conditions of this LeaseLEASE to be kept and performed by TENANT during the LEASE TERM. If TENANT defaults with respect to any provisions of this LEASE, Tenant including, but not limited to, the provisions relating to the payment of RENT, CHARGES, ADDITIONAL RENT or utilities, LANDLORD may (but shall deposit with Landlord cash not be required to) use, apply or a check in the amount retain all or any part of the Security Deposit Amount for the payment of any rent or any other sum in default or for future rent damages (LANDLORD may, unless prohibited by law, hold or apply the SECURITY DEPOSIT as to secure the performance by Tenant of its obligations under this Lease, including without limitation Tenant's obligations to (a) pay Rent, (b) repair damages to the Premises caused by Tenant, Tenant's agent(sfuture rent damages), employee(s)or for the payment of any amount which LANDLORD may spend or become obligated to spend by reason of TENANT’S default, officer(s) and/or independent contractor(s) or to compensate LANDLORD for any other loss or damage which LANDLORD may suffer by reason of or retained by Tenant ("Tenant's Representatives"), and/or Tenant's guests, visitors, customers, invitees and/or licensees ("Tenant's Invitees"), (c) clean the Premises upon termination of this Lease, and (d) remedy future defaults by Tenant in any obligation under this Lease to restore, replace or return personal property installed or located in or on the Premises including without limitation trade fixtures, furnishings, equipment and inventory, signs, satellite dish ("Personal Property") or appurtenancesTENANT’S default. If Tenant defaults under this Lease, including without limitation a default described in the preceding sentence, Landlord may use the security deposit to cure such defaults and to compensate Landlord for all or a portion of Landlord's damage resulting from such defaults. Upon demand by Landlord, Tenant shall promptly pay to Landlord a sum equal to the amount so used by Landlord so as to replenish the Security Deposit Amount. Within thirty (30) days after the Expiration Date, Option Expiration Date or earlier termination of this Lease, Landlord shall deliver to Tenant, at Tenant's address, any portion of such Security Deposit Amount not used by Landlord, together with a detailed statement explaining how any portion of the Security Deposit Amount was usedSECURITY DEPOSIT is so used or applied, TENANT shall, within five (5) days after written demand therefore, deposit with LANDLORD in an amount sufficient to restore the SECURITY DEPOSIT to its original amount and TENANT’S failure to do so shall be a material default under this LEASE. Landlord may commingle such Security Deposit Amount with Landlord's other funds and Landlord LANDLORD shall not pay be required to Tenant keep the SECURITY DEPOSIT separate from its general funds, and TENANT shall not be entitled to interest on such Security Deposit Amountthe SECURITY DEPOSIT. If TENANT shall fully and faithfully perform every provision of this LEASE to be performed by it, the SECURITY DEPOSIT or any balance thereof, shall be returned to TENANT(or, at LANDLORD’S option, to the last assignee of TENANT’S interest hereunder) within twenty-one (21) days following the expiration of the TERM. In the event of a bankruptcy or other insolvency or a debtor-creditor proceeding against or by Tenanttermination of LANDLORD’S interest in this LEASE, the Security Deposit Amount SECURITY DEPOSIT, or any portion thereof not previously applied, may be released by LANDLORD to LANDLORD’S transferee and, if so released, TENANT agrees to look solely to such transferee for proper application of the SECURITY DEPOSIT in accordance with the terms of this Paragraph 5 and the return thereof in accordance herewith. The holder of a mortgage or the beneficiary of a deed of trust encumbering the PROPERTY which includes the UNIT shall not be deemed applied first responsible to TENTANT for the return or application of the SECURITY DEPOSIT, whether or not such holder or beneficiary succeeds to the position of LANDLORD hereunder, unless the SECURITY DEPOSIT shall have been actually received by such holder or beneficiary. c) TENANT may not apply or use any portion of the SECURITY DEPOSIT for payment of Rent and other amounts due Landlord for all periods prior to any RENT or charges under the date of filing or instigating such proceedings. To the extent any debts, liabilities and obligations of Tenant under this Lease have not been satisfied, Tenant shall remain fully liable to Landlord for their payment and/or performance. Provided that Tenant has not been in default under this Lease beyond the cure period set forth in Section 12 below during the first sixty (60) months of the Term, Landlord shall return to Tenant the Security Deposit Amount at the end of such sixty (60) month periodLEASE.