Lost keys fee Clause Samples

A Lost Keys Fee clause establishes a charge that tenants or occupants must pay if they lose keys provided by the property owner or manager. Typically, this fee covers the cost of replacing the lost key and, if necessary, rekeying locks to maintain security. By specifying the financial responsibility for lost keys, the clause ensures that property owners are compensated for the inconvenience and expense, while also encouraging tenants to safeguard their keys.