Common use of Total Security Deposit Clause in Contracts

Total Security Deposit. <<Total Additional Deposits>> Additional Security Deposit (if applicable): This is the total security deposit at the time of execution of this Lease Contract for all residents in the apartment. Security Deposit is due upon signing of this Lease Contract. Landlord may commingle security deposit with operating funds. Tenants waive interest on security deposit and on any pre-paid rent.

Appears in 2 contracts

Sources: Lease Contract, Lease Contract