Common use of REPLACE BEFORE MENTIONED WITH YOUR STATE CIVIL CODE Clause in Contracts

REPLACE BEFORE MENTIONED WITH YOUR STATE CIVIL CODE. If the security deposit is held by Owner, Tenant agrees not to hold Broker responsible for its return. If the Security Deposit is held in Owner’s Broker’s (herein referred to as “Landlord”) trust account, and Broker’s authority is terminated before expiration of this Lease Agreement, and Security Deposit is released back to Owner, then Broker shall notify Tenant, in writing, where and to whom security deposit has been released. Once Tenant has been provided such notice, Tenant agrees not to hold Broker responsible for the Security Deposit return, or subsequent deductions legality, if any. It is understood that the Security Deposit is applicable to all Tenants jointly, and Landlord does not account for it until the passing of the permissible statutory period after all Tenants have vacated the Premises. Any refund due may be made payable jointly to all Tenants, and it shall be the responsibility of all Tenants to work out between themselves the manner of dividing said Security Deposit. If Landlord chooses to make the refund to any one of the Tenants individually (which need not be done until the statutory time has elapsed after all Tenants have vacated the Premises), in legal contemplation the payment shall be deemed to have been made to all Tenants, and Landlord shall have no liability to any one or group of Tenants for failure of any Tenant to divide such refund equitably. If the Security Deposit is later increased by agreement of the Parties for any reason (such as the installation of a satellite dish, a waterbed, or additional deposit for a pet), the additional security deposit will be disbursed by Landlord in accordance with this paragraph at the end of the statutory period following the end of Tenant(s)’s tenancy. Removal of the pet, satellite dish, waterbed, or whatever caused the increase in the deposit, will not be grounds for early disbursement of the Security Deposit.

REPLACE BEFORE MENTIONED WITH YOUR STATE CIVIL CODE. If the security deposit is held by Owner, Tenant ▇▇▇▇▇▇ agrees not to hold Broker ▇▇▇▇▇▇ responsible for its return. If the Security Deposit is held in Owner’s Broker’s (herein referred to as “Landlord”) trust account, and Broker▇▇▇▇▇▇’s authority is terminated before expiration of this Lease Agreement, and Security Deposit is released back to Owner, then Broker shall notify Tenant, in writing, where and to whom security deposit has been released. Once Tenant has been provided such notice, Tenant ▇▇▇▇▇▇ agrees not to hold Broker ▇▇▇▇▇▇ responsible for the Security Deposit return, or subsequent deductions legality, if any. It is understood that the Security Deposit is applicable to all Tenants jointly, and Landlord does not account for it until the passing of the permissible statutory period after all Tenants have vacated the Premises. Any refund due may be made payable jointly to all Tenants, and it shall be the responsibility of all Tenants to work out between themselves the manner of dividing said Security Deposit. If Landlord chooses to make the refund to any one of the Tenants individually (which need not be done until the statutory time has elapsed after all Tenants have vacated the Premises), in legal contemplation the payment shall be deemed to have been made to all Tenants, and Landlord shall have no liability to any one or group of Tenants for failure of any Tenant to divide such refund equitably. If the Security Deposit is later increased by agreement of the Parties for any reason (such as the installation of a satellite dish, a waterbed, or additional deposit for a pet), the additional security deposit will be disbursed by Landlord in accordance with this paragraph at the end of the statutory period following the end of Tenant(s)’s tenancy. Removal of the pet, satellite dish, waterbed, or whatever caused the increase in the deposit, will not be grounds for early disbursement of the Security Deposit.