Indemnification Deposit Clause Samples

Indemnification Deposit. Tenant has deposited with Landlord the sum of $ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Community Trust Bank acct #4003027168 and acct # ▇▇▇▇▇▇▇▇▇▇.

Indemnification Deposit. Tenant has deposited with Landlord the sum of $_ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty-five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Main Street Local Bank in account XXXXXX.

Indemnification Deposit. Landlord requires the receipt of $*DEPOSIT AMOUNT* held by the property owner, as a deposit to indemnify damages to the property and for resident’s fulfillment of the conditions of this agreement. Deposit may be returned to Resident less cleaning charges, 30 days after the date of lease expiration if: a) Lease term has expired and all keys must be returned to the owner b) All monies due Landlord by Resident has been paid: and c) Residence is not damaged and is left in original condition, normal wear and tear expected, and d) Landlord is in receipt of copy paid final bills on all utilities (includes gas, electric, water, and telephone). e) Deposit will not be returned if resident’s leave before lease time is completed. Deposit may be applied by Management to satisfy all or part of resident’s obligations and such act shall not prevent Management from claiming damages in excess of the deposit. Residents cannot apply the deposit to any of the rent payment. f) Any damages that occur totaling more than the amount of the security deposit will be paid in full by the tenants within 30 days after vacating the residence. g) Cleaning will be checked upon vacancy. Any items not meeting the standard will be cleaned and the cost will be charged to the tenant with proof of receipts to be provided to the tenant. Any itemized billing statement will be enclosed with the security deposit refund. Paid: (Amount) (Date) (initials)

Indemnification Deposit. Management acknowledges receipt of dollars ($ ), as a deposit to indemnify owner against damage to the property and Resident’s fulfillment of the conditions of this agreement, PLEASE NOTE: Security checks need to be made payable to ▇▇▇▇▇▇▇▇▇ & Associates as AGENT for the owner. NOTE: ▇▇▇▇▇▇▇▇▇ & Associates is only the AGENT for the owner, therefore all security deposits will be transferred to the owner, it is the owners responsibility to refund the security deposit and ▇▇▇▇▇▇▇▇▇ & Associates takes no responsibility and shall incur No liability for any issue arising between Owner and tenant with regards to the return of the security deposit. Deposit will be returned to Resident less $100.00 for normal wear & tear to the apartment directly by the owner. Tenant must comply with the rules of the final move-out inspection form & its potential charges. Deposit will be returned less any deductions with in thirty days after residence is vacated if: a) Lease term has expired or agreement has been terminated by both parties; and b) All monies due Owner / Landlord / Agent by Resident have been paid; and c) Residence is not damaged and is left in its original condition, normal wear and tear excepted; and d) Owner / Landlord / Agent is in receipt of copy of paid final bills on all utilities (includes gas, electric, water, garbage, and telephone). e) Deposit will not be returned if Resident leaves before lease time is completed. Deposit may be applied by Owner to satisfy all or part of Resident’s obligations and such act shall not prevent Owner / Landlord / Agent from claiming damages in excess of the deposit. Resident may not apply the deposit to any of the rent payment. f) Keys have been returned and a forwarding address left. Resident acknowledges that he has approved and signed the “Residential Rental Property Move In /Move Out Inspection Form” for any existing damages to residence and has been given the right to inspect same. VI.

Indemnification Deposit. Landlord acknowledges receipt of one thousand three hundred fifty dollars ($1,350), as a deposit to indemnify Landlord against damage to the Property and furnishings and for Tenant’s fulfillment of the conditions of this agreement. Deposit will be returned to Tenant no later than twenty-one (21) days after the residence is vacated provided: • Lease term has expired or agreement has been terminated by both parties; and • All monies due Landlord by Tenant have been paid; and • Residence is not damaged and is left in its original condition, normal wear and tear expected, and • Landlord is in receipt of copy of paid final bills on all utilities (includes gas, electric, cable and telephone). • Deposit may be applied by Landlord to satisfy all or part of Tenant’s obligations and such act shall not prevent Landlord from claiming damages in excess of the deposit. Tenant may NOT apply the deposit to any of the rent payment. • Tenant has provided Landlord with ▇▇▇▇▇▇’s new address.