Common use of Return of Security Deposit Clause in Contracts

Return of Security Deposit. In the event some or all of the Damage and Security Deposit is to be returned and only one person signs this lease as Lessee, Lessor shall return the security deposit in one check or money order payable to that person. If more than one person signs this lease, Lessor and Lessees agree that the remaining security deposit shall be returned as follows: The security deposit shall be returned in one check or money order payable to one of Lessees, chosen by the Lessees, who shall act as agent of all of all other persons who have signed this lease or acquired rights of occupancy under it, in dividing the security deposit according to any shares the Lessees have agreed upon, and remitting those shares to each person. Lessor shall not be responsible for the proper division of shares in the security deposit, nor for the assessment of individual liability for any charges against the security deposit made by the Lessor, which shall be matters solely for the Lessors to agree upon. The person named to act as agent for the return of the security deposit shall be SD Refund Agent. If this person cannot be reached to effect the return of the security deposit, then Lessor may elect to return the security deposit to one person signing this lease, in a check or money order jointly payable to all Lessees signing this lease.

Return of Security Deposit. In the event some or all of the Damage and Security Deposit is to be returned and only one person signs this lease as Lessee, Lessor shall return the security deposit in one check or money order payable to that person. If more than one person signs this lease, Lessor and Lessees agree that the remaining security deposit shall be returned as follows: The security deposit shall be returned in one check or money order payable to one of Lessees, chosen by the Lessees, who shall act as agent of all of all other persons who have signed this lease or acquired rights of occupancy under it, in dividing the security deposit according to any shares the Lessees have agreed upon, and remitting those shares to each person. Lessor shall not be responsible for the proper division of shares in the security deposit, nor for the assessment of individual liability for any charges against the security deposit made by the Lessor, which shall be matters solely for the Lessors to agree upon. The person named to act as agent for the return of the security deposit shall be SD Refund Agent. If this person cannot be reached to effect affect the return of the security deposit, then Lessor may elect to return the security deposit to one person signing this lease, in a check or money order jointly payable to all Lessees signing this lease.

Return of Security Deposit. In the event some or all of the Damage and Security Deposit is to be returned and If only one person signs this lease as Lessee, Lessor shall return the security deposit in one check or money order payable to that person. If more than one person signs this lease, Lessor and Lessees Xxxxxx(s) agree that the remaining security deposit shall be returned as follows: The security deposit shall be returned in one a check or money order payable to one of Lesseesperson, chosen by the LesseesLessee(s), who shall act as agent of all of all other persons who have signed this lease or acquired legal rights of occupancy under it, in dividing the security deposit according to any shares the Lessees Lessee(s) have agreed upon, and in remitting those shares to each person. Lessor shall not be responsible for the proper division of shares in the security deposit, nor for the assessment of individual liability for any charges changes against the security deposit made by the Lessor, which shall be matters solely for the Lessors Lessee(s) to agree upon. The person named to act as agent for the return of the security deposit shall be SD Refund Agent. If submitted in writing to Lessor before the end of this person cannot lease. You must notify your Lessor in writing within 4 days after you move out of a forwarding address where you can be reached and where you will receive mail; otherwise your Lessor shall be relieved of sending you an itemized list of damages and the penalties adherent to effect that failure. As required by Michigan law regarding use of security deposits, the return Lessor will make use of inventory checklists at the beginning and ending of occupancy and will provide the Lessee(s) an inventory checklist when the Lessee(s) assumes possession of the security deposit, then Lessor may elect to Premises. The Lessee(s) will note the condition of the Premises and its furnishings and return the security deposit form to one person signing this lease, in the Lessor within 7 days. The Lessee(s) are entitled to receive a check or money order jointly payable copy of the last ending inventory checklist which shows what claims were charged to all Lessees signing this leasethe prior Lessee(s).

Return of Security Deposit. In the event some or all of the Damage and Security Deposit is to be returned and If only one person signs this lease as Lessee, Lessor shall return the security deposit in one a check or money order payable to that person. If more than one person signs this lease, Lessor and Lessees agree that the remaining security deposit shall be returned as follows: The security deposit shall be returned in one a check or money order payable to one of Lesseesperson, chosen by the LesseesXxxxxxx, who shall act as agent of all of all other persons who have signed this lease or acquired legal rights of occupancy under it, in dividing the security deposit according to any shares the Lessees have agreed upon, and in remitting those shares to each person. Lessor shall not be responsible for the proper division of shares in the security deposit, nor for the assessment of individual liability for any charges against the security deposit made by the Lessor, which shall be matters solely for the Lessors Lessees to agree upon. The person Lessee named to receive and act as agent for the return of the security deposit shall be SD Refund Agent. If this person cannot . The designated Lessee shall be reached required to effect provide to Lessor a forwarding address to which any deposit refund shall be mailed; should no forwarding address be provided to Lessor, Lessor shall mail any deposit refund to the return designated Lessee at the address of the security deposit, then Lessor may elect to return the security deposit to one person signing this lease, in a check or money order jointly payable to all Lessees signing this leasepremises.