Common use of Refundable Fee Clause in Contracts

Refundable Fee. If the Landlord will refund the imposed pet fee upon the successful completion of the concerned lease and a lack of any pet-related damages or wear and tear to the property, then select the second status option. This option should only be selected if the Landlord considers the pet fee a sort of (refundable) security payment for the pet. Addendum Execution (14) Tenant’s Signature. Every Tenant who shall sign the lease that will adopt this addendum must sign his or her full name to the completed document.

Refundable Fee. If the Landlord will refund the imposed pet fee upon the successful completion of the concerned lease and a lack of any pet-related damages or wear and tear to the property, then select the second status option. This option should only be selected if the Landlord considers the pet fee a sort of (refundable) security payment for the pet. Addendum Execution (14) Tenant’s Signature. Every Tenant who shall sign the lease that will adopt this addendum must sign his or her full name to the completed document.Execution