Common use of Dealing with the Deposit Clause in Contracts

Dealing with the Deposit. The Landlord's Agent shall place the Deposit in a nominated client account as soon as reasonably practicable. Any interest earned on the Deposit will be retained by The Deposit Protection Service at the end of the Term and any agreed balance of the Deposit (subject to the clauses below) will be returned to the Tenant. After the Term the Landlord's Agent is entitled with the written consent of the Tenant, to deduct from the sum held as the Deposit any monies referred to in this Agreement. If more than one such deduction is to be made by the Landlord, monies will be deducted from the Deposit in the order listed. The Landlord's Agent shall notify the Tenant in writing of any deduction to be made under this Agreement. That notice shall specify the amounts to be deducted and the reasons for any deductions to be made. No deduction will be made from the Deposit without the written consent of both parties. At the end of the Term the Landlord's Agent shall return the Deposit (subject to any deductions made under the Agreement) within 30 days of the end of the Tenancy except in the case of dispute. If there is more than one Tenant, the Landlord may return the Deposit by cheque to any one Tenant, at his sole discretion, at his/her last known address. That person forming part of the Tenant will hold the Deposit in trust for all others forming the Tenant. If the amount of monies that the Landlord is entitled to deduct from the Deposit under the Agreement exceeds the amount held as the Deposit, the Landlord may require the Tenant to pay that additional sum to the Landlord within 14 days of the Tenant receiving that request in writing. The Landlord may deduct monies from the Deposit to compensate the Landlord for losses caused for any or all of the following reasons: any damage to the Property and/or the Contents caused by the Tenant or arising from any breach of the terms of this Agreement by the Tenant; any damage caused or cleaning required as a result of any pets occupying the Property (whether or not the Landlord consented to its presence as set out in this Agreement; any sum repayable by the Landlord or the Landlord’s Agent to the local authority where housing benefit or Local housing Allowance has been paid direct to the Landlord or the Landlord’s Agent by the local authority; any other breach by the Tenant of the terms of this Agreement; any instalment of the Rent which is due but remains unpaid at the end of the Term; any unpaid account or charge for water including sewerage and environmental charges, electricity gas or other fuels used by the Tenant in the Property; any unpaid council tax; any unpaid telephone charges. The Tenant shall not be entitled to withhold the payment of any instalment of Rent or any other monies payable under this Agreement on the ground that the Landlord's Agent holds the Deposit or any part of it. If the Landlord sells or transfers his interest in the Property the Tenant shall consent to the transfer of the Deposit (or the balance of the Deposit) to the purchaser or transferee. The Landlord shall then be released from any further claim or liability in respect of the Deposit or any part of it.

Appears in 4 contracts

Samples: Assured Shorthold Tenancy Agreement, Assured Shorthold Tenancy Agreement, Assured Shorthold Tenancy Agreement

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Dealing with the Deposit. The Landlord's Agent shall place the Deposit in a nominated client account as soon as reasonably practicable. Any interest earned on the Deposit will be retained by The Deposit Protection Service the Landlord's Agent at the end of the Term and any agreed balance of the Deposit (subject to the clauses below) will be returned to the Tenant. After the Term the Landlord's Agent is entitled with the written consent of the Tenant, to deduct from the sum held as the Deposit any monies referred to in this Agreement. If more than one such deduction is to be made by the Landlord, monies will be deducted from the Deposit in the order listed. The Landlord's Agent shall notify the Tenant in writing of any deduction to be made under this Agreement. That notice shall specify the amounts to be deducted and the reasons for any deductions to be made. No deduction will be made from the Deposit without the written consent of both parties. At the end of the Term the Landlord's Agent shall return the Deposit (subject to any deductions made under the Agreement) within 30 days of the end of the Tenancy except in the case of dispute. If there is more than one Tenant, the Landlord may return the Deposit by cheque to any one Tenant, at his sole discretion, at his/her last known address. That person forming part of the Tenant will hold the Deposit in trust for all others forming the Tenant. If the amount of monies that the Landlord is entitled to deduct from the Deposit under the Agreement exceeds the amount held as the Deposit, the Landlord may require the Tenant to pay that additional sum to the Landlord within 14 days of the Tenant receiving that request in writing. The Landlord may deduct monies from the Deposit to compensate the Landlord for losses caused for any or all of the following reasons: any damage to the Property and/or the Contents caused by the Tenant or arising from any breach of the terms of this Agreement by the Tenant; any damage caused or cleaning required as a result of any pets occupying the Property (whether or not the Landlord consented to its presence as set out in this Agreement; any sum repayable by the Landlord or the Landlord’s Agent to the local authority where housing benefit or Local housing Allowance has been paid direct to the Landlord or the Landlord’s Agent by the local authority; any other breach by the Tenant of the terms of this Agreement; any instalment of the Rent which is due but remains unpaid at the end of the Term; any unpaid account or charge for water including sewerage and environmental charges, electricity gas or other fuels used by the Tenant in the Property; any unpaid council tax; any unpaid telephone charges. The Tenant shall not be entitled to withhold the payment of any instalment of Rent or any other monies payable under this Agreement on the ground that the Landlord's Agent holds the Deposit or any part of it. If the Landlord sells or transfers his interest in the Property the Tenant shall consent to the transfer of the Deposit (or the balance of the Deposit) to the purchaser or transferee. The Landlord shall then be released from any further claim or liability in respect of the Deposit or any part of it.

Appears in 2 contracts

Samples: Tenancy Agreement, Tenancy Agreement

Dealing with the Deposit. The Landlord's Agent shall place the Deposit in a nominated client account as soon as reasonably practicable. Any interest earned on the Deposit will be retained by The Deposit Protection Service at the end of the Term and any agreed balance of the Deposit (subject to the clauses below) will be returned to the Tenant. After the Term the Landlord's Agent is entitled with the written consent of the Tenant, to deduct from the sum held as the Deposit any monies referred to in this Agreement. If more than one such deduction is to be made by the Landlord, monies will be deducted from the Deposit in the order listed. The Landlord's Agent shall notify the Tenant in writing of any deduction to be made under this Agreement. That notice shall specify the amounts to be deducted and the reasons for any deductions to be made. No deduction will be made from the Deposit without the written xxxxxx consent of both parties. At the end of the Term the Landlord's Agent shall return the Deposit (subject to any deductions made under the Agreement) within 30 days of the end Ag nd of the Tenancy except in the case of dispute. If there is more than one Tenant, the Landlord may return the Deposit by cheque to any one Tenant, at Tenan t his sole discretion, at his/her last known address. That person forming part of the Tenant will hold the Deposit in trust for all others forming the Tenant. If the amount of monies that the Landlord is entitled to deduct from the Deposit under the Agreement exceeds the amount held as the Deposit, the Landlord may require the Tenant to pay that additional sum to the Landlord within 14 days of the Tenant receiving that request in writing. th The Landlord may deduct monies from the Deposit to compensate the Landlord for losses caused for any or all of the following reasons: any damage to the Property and/or the Contents caused by the Tenant or arising from any breach of the terms of this Agreement by the Tenant; any damage caused or cleaning required as a result of any pets d ets occupying the Property (whether or not the Landlord consented to its presence as set out in this Agreement; any sum repayable by the Landlord or the Landlord’s Agent to the local authority where housing benefit or Local housing Allowance has been paid direct to the Landlord or the Landlord’s Agent by the local authority; any other breach by the Tenant of the terms of this Agreement; any instalment of the Rent which is due but remains unpaid at the end of the Term; any unpaid account or charge for water including sewerage and environmental charges, electricity gas or other fuels used by the Tenant in the Property; any unpaid council tax; any unpaid telephone charges. The Tenant shall not be entitled to withhold the payment of any instalment of Rent or any other monies payable under this Agreement on the ground that the Landlord's Agent holds the Deposit or any part of it. If the Landlord sells or transfers his interest in the Property the Tenant shall consent to the transfer of the Deposit (or the balance of the Deposit) to the purchaser or transferee. The Landlord shall then be released from any further claim or liability in respect of the Deposit or any part of it.

Appears in 1 contract

Samples: Assured Shorthold Tenancy Agreement

Dealing with the Deposit. The Landlord's ’s Agent shall place lodge the Deposit with the Deposit Protection Service (‘DPS’) in a nominated client account as soon as reasonably practicable. Any interest earned on the Deposit will be retained by The Deposit Protection Service at the end of the Term and any agreed balance of the Deposit (subject to the clauses below) will be returned to the Tenant. After the Term the Landlord's ’s Agent is entitled with the written consent of the Tenant, to deduct from the sum held as the Deposit any monies referred to in this Agreement. If more than one such deduction is to be made by the Landlord, monies will be deducted from the Deposit in the order listed. The Landlord's ’s Agent shall notify the Tenant in writing of any deduction to be made under this Agreement. That notice shall specify the amounts to be deducted and the reasons for any deductions to be made. No deduction will be made from the Deposit without the written consent of both parties. At the end of the Term the Landlord's ’s Agent shall return the Deposit (subject to any deductions made under the Agreement) within 30 days of the end of the Tenancy except in the case of dispute. If there is more than one Tenant, the Landlord may return the Deposit by cheque to any one Tenant, at his sole discretion, at his/her last known address. That person forming part of the Tenant will hold the Deposit in trust for all others forming the Tenant. If the amount of monies that the Landlord is entitled to deduct from the Deposit under the Agreement exceeds the amount held as the Deposit, the Landlord may require the Tenant to pay that additional sum to the Landlord within 14 days of the Tenant receiving that request in writing. The Landlord may deduct monies from the Deposit to compensate the Landlord for losses caused for any or all of the following reasons: any damage to the Property and/or the Contents caused by the Tenant or arising from any breach of the terms of this Agreement by the Tenant; any damage caused or cleaning required as a result of any pets occupying the Property (whether or not the Landlord consented to its presence as set out in this Agreement; any sum repayable by the Landlord or the Landlord’s Agent to the local authority where housing benefit or Local housing Allowance has been paid direct to the Landlord or the Landlord’s Agent by the local authority; any other breach by the Tenant of the terms of this Agreement; any instalment of the Rent which is due but remains unpaid at the end of the Term; any unpaid account or charge for water including sewerage and environmental charges, electricity gas or other fuels used by the Tenant in the Property; any unpaid council tax; any unpaid telephone charges. The Tenant shall not be entitled to withhold the payment of any instalment of Rent or any other monies payable under this Agreement on the ground that the Landlord's ’s Agent holds the Deposit or any part of it. If the Landlord sells or transfers his interest in the Property the Tenant shall consent to the transfer of the Deposit (or the balance of the Deposit) to the purchaser or transferee. The Landlord shall then be released from any further claim or liability in respect of the Deposit or any part of it.

Appears in 1 contract

Samples: properties.national-residential.co.uk

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Dealing with the Deposit. The Landlord's Agent shall place the Deposit in a nominated client account as soon as reasonably practicable. Any interest earned on the Deposit will be retained by The Deposit Protection Service at the end of the Term and any agreed balance of the Deposit (subject to the clauses below) will be returned to the Tenant. After the Term the Landlord's Agent is entitled with the written consent of the Tenant, to deduct from the sum held as the Deposit any monies referred to in this Agreement. If more than one such deduction is to be made by the Landlord, monies will be deducted from the Deposit in the order listed. The Landlord's Agent shall notify the Tenant in writing of any deduction to be made under this Agreement. That notice shall specify the amounts to be deducted and the reasons for any deductions to be made. No deduction will be made from the Deposit without the written consent of both parties. At the end of the Term the Landlord's Agent shall return the Deposit (subject to any deductions made under the Agreement) within 30 days of the end of the Tenancy except in the case of dispute. If there is more than one Tenant, the Landlord may return the Deposit by cheque to any one Tenant, at his sole discretion, at his/her last known address. That person forming part of the Tenant will hold the Deposit in trust for all others forming the Tenant. If the amount of monies that the Landlord is entitled to deduct from the Deposit under the Agreement exceeds the amount held as the Deposit, the Landlord may require the Tenant to pay that additional sum to the Landlord within 14 days of the Tenant receiving that request in writing. The Landlord may deduct monies from the Deposit to compensate the Landlord for losses caused for any or all of the following reasons: any damage to the Property and/or the Contents caused by the Tenant or arising from any breach of the terms of this Agreement by the Tenant; any damage caused or cleaning required as a result of any pets occupying the Property (whether or not the Landlord consented to its presence as set out in this Agreement; any sum repayable by the Landlord or the Landlord’s Agent to the local authority where housing benefit or Local housing Allowance has been paid direct to the Landlord or the Landlord’s Agent by the local authority; any other breach by the Tenant of the terms of this Agreement; any instalment of the Rent which is due but remains unpaid at the end of the Term; any unpaid account or charge for water including sewerage and environmental charges, electricity gas or other fuels used by the Tenant in the Property; any unpaid council tax; any unpaid telephone charges. The Tenant shall not be entitled to withhold the payment of any instalment of Rent or any other monies payable under this Agreement on the ground that the Landlord's Agent holds the Deposit or any part of it. If the Landlord sells or transfers his interest in the Property the Tenant shall consent to the transfer of the Deposit (or the balance of the Deposit) to the purchaser or transferee. The Landlord shall then be released from any further claim or liability in respect of the Deposit or any part of it.. SPECIAL TENANCY CONDITIONS The following clauses detail the further terms which have been individually negotiated and agreed between the Landlord and the Tenant. Break Clause: Should either party wish to terminate the Tenancy, it is agreed that a minimum of 2 months advance written notice must be served on the other party and the tenancy must not expire within the first 6 months of the Tenancy commencement date. In this Lease the earliest date either party can give notice will be the 31st of August 2020 to expire 2 months’ after service of that notice. Additional clause(s): • Parking: Parking Details • Renewal Option: Renewal Details • Custom Clause as agreed between the parties. Doc ID: CO5F75CD277602852122501601555751 CONFIRMATION The Landlord certifies and confirms that:

Appears in 1 contract

Samples: Tenancy Agreement

Dealing with the Deposit. The Landlord's Agent shall place the Deposit in a nominated client account as soon as reasonably practicable. Any interest earned on the Deposit will be retained by The Deposit Protection Service the Landlord’s Agent at the end of the Term and any agreed balance of the Deposit (subject to the clauses below) will be returned to the Tenant. After the Term the Landlord's Agent is entitled with the written consent of the Tenant, to deduct from the sum held as the Deposit any monies referred to in this Agreement. If more than one such deduction is to be made by the Landlord, monies will be deducted from the Deposit in the order listed. The Landlord's Agent shall notify the Tenant in writing of any deduction to be made under this Agreement. That notice shall specify the amounts to be deducted and the reasons for any deductions to be made. No deduction will be made from the Deposit without the written consent of both parties. At the end of the Term the Landlord's Agent shall return the Deposit (subject to any deductions made under the Agreement) within 30 days of the end of the Tenancy except in the case of dispute. If there is more than one Tenant, the Landlord may return the Deposit by cheque to any one Tenant, at his sole discretion, at his/her last known address. That person forming part of the Tenant will hold the Deposit in trust for all others forming the Tenant. If the amount of monies that the Landlord is entitled to deduct from the Deposit under the Agreement exceeds the amount held as the Deposit, the Landlord may require the Tenant to pay that additional sum to the Landlord within 14 days of the Tenant receiving that request in writing. The Landlord may deduct monies from the Deposit to compensate the Landlord for losses caused for any or all of the following reasons: any damage to the Property and/or the Contents caused by the Tenant or arising from any breach of the terms of this Agreement by the Tenant; any damage caused or cleaning required as a result of any pets occupying the Property (whether or not the Landlord consented to its presence as set out in this Agreement; any sum repayable by the Landlord or the Landlord’s Agent to the local authority where housing benefit or Local housing Allowance has been paid direct to the Landlord or the Landlord’s Agent by the local authority; any other breach by the Tenant of the terms of this Agreement; any instalment of the Rent which is due but remains unpaid at the end of the Term; any unpaid account or charge for water including sewerage and environmental charges, electricity gas or other fuels used by the Tenant in the Property; any unpaid council tax; any unpaid telephone charges. The Tenant shall not be entitled to withhold the payment of any instalment of Rent or any other monies payable under this Agreement on the ground that the Landlord's Agent holds the Deposit or any part of it. If the Landlord sells or transfers his interest in the Property the Tenant shall consent to the transfer of the Deposit (or the balance of the Deposit) to the purchaser or transferee. The Landlord shall then be released from any further claim or liability in respect of the Deposit or any part of it.. Doc ID: CO5F92AEF256E7B52122501603448562

Appears in 1 contract

Samples: Assured Shorthold Tenancy Agreement

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