Common use of Dealing with the Deposit Clause in Contracts

Dealing with the Deposit. The following clauses set out: • What the Landlord or the Landlord’s Agent will do with the Deposit monies paid by the Tenant under clause 3 above; • What the Tenant can expect of the Landlord or the Landlord’s Agent when the Landlord or the Landlord’s Agent deals with the Deposit; • The circumstances in which the Tenant may receive less than the sum paid to the Landlord or the Landlord’s Agent as a Deposit at the conclusion of the Tenancy; and • The circumstances in which other monies may be requested from the Tenant