CAUTION MONEY Clause Samples

The CAUTION MONEY clause requires one party, typically a tenant or contractor, to deposit a specified sum of money as security for the performance of their obligations under an agreement. This deposit is usually held by the other party and may be used to cover damages, unpaid dues, or breaches of contract terms. For example, in a lease, the landlord may retain the caution money to repair property damage caused by the tenant. The core function of this clause is to provide financial assurance and protect the interests of the party receiving the deposit by ensuring there are funds available to remedy any defaults or losses.
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CAUTION MONEY. 4.1. The Licensee hereby authorises the College to deduct from the Caution Money: 4.1.1. any Licence Fee and other sums (and interest at the Interest Rate thereon) due under this Agreement and not paid within 14 days of the due date; 4.1.2. the cost of repairing any damage to the Room or the Service Media or for any missing items for which the Licensee may be liable; 4.1.3. the cost of repairing any damage to the Common Areas caused by the Licensee relating to the Room. 4.1.4. the cost of replacing any item in the Room which is beyond repair provided that the Licensee will not be responsible for any damage or breakages to or deterioration in the contents of the Room caused by fair wear and tear; and 4.1.5. any expenses or costs incurred by the College in consequence of any failure by the Licensee to observe and perform the obligations and conditions on the Licensee in this Agreement. 4.2. At the end of the Licence Period and subject to the Licensee having vacated the Room the College shall use reasonable endeavours to repay the Caution Money to the Licensee after deducting from it any items allowed under this Clause 4 within 8 weeks of the later of the end of the Licence Period and the date on which the Licensee vacates. The Licensee must provide the College with correct account and contact details for the return of the Caution Money (if any). 4.3. Any interest accruing on the Caution Money shall belong to the College. 4.4. The cost of repairs pursuant to Clauses 4.1.2 and 4.1.3 above shall unless there is sufficient evidence to the contrary be apportioned as if the Licensee caused all damage to the Room and all students entitled to use the Common Areas caused any damage to the Common Areas.
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CAUTION MONEY. 7.1 The Licensee covenants with the Licensor to pay the Caution Money to the Licensor on the same date as the first payment of the License Charges under this Agreement. 7.2 Subject to clause 7.3, the Licensee hereby authorises the Licensor to deduct from the Caution Money at the end of the Licensee’s period of study, when the Licensee permanently leaves the College on the completion of their studies or otherwise: 7.2.1 any Licence Charges, Additional Charges and other sums (and interest thereon) due under this Agreement and not paid by the due date; 7.2.2 the cost of any damage to the Accommodation caused by the Licensee or its visitors or for any missing items for which the Licensee or its visitors may be liable; 7.2.3 the cost of repairing any damage to the Common Areas relating to the Accommodation caused by the Licensee or its visitors; 7.2.4 the cost of replacing any item in the Accommodation which is beyond repair; and 7.2.5 any proper expenses or costs incurred by the Licensor in consequence of any failure by the Licensee or its visitors to observe and perform the obligations and conditions on the Licensee in this Agreement. 7.3 At no time will the Caution Money be used to offset College charges during the course of the Licensee’s study (normal late payment charges will still apply to overdue College bills). 7.4 Any interest accruing on the Caution Money shall belong to the Licensor. 7.5 Subject to clause 7.6, at the end of the Licensee’s period of study, when the Licensee permanently leaves the College on the completion of their studies or otherwise and subject to the Licensee having vacated the Accommodation the Licensor shall use reasonable endeavours to, within one month of such date, repay the Caution Money (if any) to the Licensee after deducting from it any items allowed under this Clause 7. The Licensee must provide the Licensor with correct bank account and contact details for the return of the Caution Money (if any).
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CAUTION MONEY. IV. 1.) The parties agree, that by signing of this contract they establish a caution money of € 250, in words two hundred fifty Euros, where the beneficiary is the landlord and the obligor is the Tenant. When the right of satisfaction becoming enforceable – in cases of the Tenant’s breach of the contract especially delay of payment or causing damage in the leased property – the Beneficiary may use the amount of € 250 by its declaration addressed to the obligor, and because of the fact that the beneficiary has already acquired the ownership of the caution money upon its delivery, the beneficiary can this way dissolve its obligation to transfer the same kind and quantity of valuable to the obligor. The beneficiary shall make a settlement with the obligor (the Tenant) without any delay after exercising its right of satisfaction.
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CAUTION MONEY. 4.1 The Student hereby authorises the College to deduct from the Caution Money: 4.1.1 any rents (and interest thereon) due under this Agreement and not paid by the due date; 4.1.2 any late payment fee as referred to in clause 3.2 above; 4.1.3 the cost of repairing any damage to the Room caused during the Tenancy Period; 4.1.4 the cost of repairing any unattributable damage to the Common Areas relating to the room caused during the Tenancy Period; 4.1.5 the cost of replacing any item in the Room which is beyond reasonable repair; and 4.1.6 any expenses or costs incurred by the College in consequence of any failure by the Student to observe and perform the obligations and conditions of the Student in this Agreement as detailed in clauses 6.1.2 (f) and 6.1.13 and in the Damages Charges Sheet on the College’s website.
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CAUTION MONEY. 4.1 The Student hereby authorises the College to deduct from the Caution Money: 4.1.1 any rents (and interest thereon) due under this Agreement and not paid by the due date; 4.1.2 any late payment fee as referred to in clause 3.2 above; 4.1.3 the cost of repairing any damage to the Property caused during the Tenancy Period; 4.1.4 the cost of replacing any item in the Property which is beyond reasonable repair; and 4.1.5 any expenses or costs incurred by the College in consequence of any failure by the Student to observe and perform the obligations and conditions of the Student in this Agreement.
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CAUTION MONEY. 4.1 The Student hereby authorises the College to deduct from the Caution Money that the Student paid to the College at the commencement of the Student's course of study: 4.1.1 any rents (and interest thereon) due under this Agreement and not paid by the due date; 4.1.2 any late payment fee as referred to in clause 3.2 above; 4.1.3 the cost of repairing any damage to the Property caused during the Period; 4.1.4 the cost of replacing any item in the Property which is beyond reasonable repair; and 4.1.5 any expenses or costs incurred by the College in consequence of any failure by the Student to observe and perform the obligations and conditions of the Student in this Agreement.
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CAUTION MONEY. IV. 1.) The parties agree, that by signing of this contract they establish a caution money of € 300, in words three hundred Euros, where the beneficiary is the landlord and the obligor is the Tenant. When the right of satisfaction becoming enforceable – in cases of the Tenant’s breach of the contract especially delay of payment or causing damage in the leased property – the Beneficiary may use the amount of € 300 by its declaration addressed to the obligor, and because of the fact that the beneficiary has already acquired the ownership of the caution money upon its delivery, the beneficiary can this way dissolve its obligation to transfer the same kind and quantity of valuable to the obligor. The beneficiary shall make a settlement with the obligor (the Tenant) without any delay after exercising its right of satisfaction. IV.2.) The Tenant shall pay the caution money within 5 days after the signing of this contract. Should the Tenant commit a breach of the contract, especially delay of payment of the Rent or causing the damage in the leased property the Landlord may satisfy its claim directly from the amount of caution money. IV.3.) If the Landlord is utilizing the caution money to satisfy all or part of its claim directly from it, the Tenant shall, within 15 days after the receipt of notice of the Landlord, replenish the amount of the caution money to the amount written in the contract. Should the Tenant fail to comply with its obligation within the deadline, the landlord may terminate the contract with immediate effect. The caution money – if it has not been used – shall be returned to the Tenant at the time of termination of the contract.
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CAUTION MONEY. I am agreeable to pay a sum of Rs (Rupees …………………………………………) only as caution money in advance towards hospitalisation expenditure, maintenance of Old Age Home items which will be utilised by me. The caution money will be return without interest if nothing untoward incident happen to me or by me in case of my withdrawal from the Old Age Home.
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CAUTION MONEY. 4.1 The Student hereby authorises the College to deduct from the Caution Money that the Student paid to the College at the commencement of the Student's course of study: 4.1.1 any rents (and interest thereon) due under this Agreement and not paid by the due date; 4.1.2 any late payment fee as referred to in clause 3.2 above; 4.1.3 the cost of repairing any damage to the Room caused during the Period; 4.1.4 the cost of repairing any unattributable damage to the Common Areas relating to the room caused during the Period; 4.1.5 the cost of replacing any item in the Room which is beyond reasonable repair; and 4.1.6 any expenses or costs incurred by the College in consequence of any failure by the Student to observe and perform the obligations and conditions of the Student in this Agreement as detailed in clauses 6.1.2 (f) and 6.1.13 and in the Damages Charges Sheet on the College’s website.
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