Common use of Construction Security Deposit Clause in Contracts

Construction Security Deposit. 1. A construction deposit of $5,000.00 per project is required. Forfeiture of security deposit may occur if damage to the Premises is such that it is identifiable to that Contractor and no effort is made on the Contractor’s part to rectify the problems.

Appears in 2 contracts

Sources: Office Lease (Figma, Inc.), Office Lease (Figma, Inc.)