Common use of Key Return Clause in Contracts

Key Return. In the event that a key(s) is issued for purposes of opening and closing the rental hall during the term of the rental, the TENANT exclusively agrees to return issued quantity of keys or forfeit the DEPOSIT or portion thereof toward lock replacement by a qualified locksmith and the redistribution of keys to regular club key-holders. If the DEPOSIT amount is an insufficient offset to such expense, TENANT exclusively agrees to bear the difference in cost by a reputable locksmith of LANDLORD’S choice.