Common use of SECURITY DEPOSIT AND PET DAMAGE DEPOSIT Clause in Contracts

SECURITY DEPOSIT AND PET DAMAGE DEPOSIT. The tenant will pay a security deposit in the amount of $  on or before the date this tenancy starts. If the tenant has a pet when this tenancy begins, the tenant will pay a pet damage deposit of $  on or before the date this tenancy starts. If the landlord agrees to allow the tenant to acquire a pet during the tenancy, the tenant will pay a pet damage deposit in an amount set by the landlord, but not to exceed one-half of the monthly rent payable for the residential property when the pet is acquired. The landlord agrees that the security deposit and pet damage deposit must each not exceed one half of the monthly rent payable for the residential property, to keep the security deposit and pet damage deposit during the tenancy and pay interest on it in accordance with the regulation, and to repay the security deposit and pet damage deposit and interest to the tenant within 15 days of the end of the tenancy agreement, unless the tenant agrees in writing to allow the landlord to keep an amount as payment for unpaid rent or damage, or the landlord makes an application for dispute resolution under the RTA within 15 days of the end of the tenancy agreement to claim some or all of the security deposit or pet damage deposit. The 15 day period starts on the later of the date the tenancy ends, or the date the landlord receives the tenant's forwarding address in writing. If a landlord does not comply with subsection (d), the landlord may not make a claim against the security deposit or pet damage deposit, and must pay the tenant double the amount of the security deposit, pet damage deposit, or both. The tenant may agree to use the security deposit and interest as rent only if the landlord gives written consent.

SECURITY DEPOSIT AND PET DAMAGE DEPOSIT. The tenant will pay a security deposit in the amount of $  $ on or before the date this tenancy starts. If the tenant has a pet when this tenancy begins, the tenant will pay a pet damage deposit of $  $ on or before the date this tenancy starts. If the landlord agrees to allow the tenant to acquire a pet during the tenancy, the tenant will pay a pet damage deposit in an amount set by the landlord, but not to exceed one-half of the monthly rent payable for the residential property when the pet is acquired. The landlord agrees that the security deposit and pet damage deposit must each not exceed one half of the monthly rent payable for the residential property, to keep the security deposit and pet damage deposit during the tenancy and pay interest on it in accordance with the regulation, and to repay the security deposit and pet damage deposit and interest to the tenant within 15 days of the end of the tenancy agreement, unless the tenant agrees in writing to allow the landlord to keep an amount as payment for unpaid rent or damage, or the landlord makes an application for dispute resolution under the RTA within 15 days of the end of the tenancy agreement to claim some or all of the security deposit or pet damage deposit. The 15 day period starts on the later of the date the tenancy ends, or the date the landlord receives the tenant's forwarding address in writing. If a landlord does not comply with subsection (d), the landlord may not make a claim against the security deposit or pet damage deposit, and must pay the tenant double the amount of the security deposit, pet damage deposit, or both. Initial The tenant may agree to use the security deposit and interest as rent only if the landlord gives written consent.

SECURITY DEPOSIT AND PET DAMAGE DEPOSIT. (a) The tenant will pay a security deposit in the amount of $  300.00 on or before the date this tenancy starts. (b) If the tenant has a pet when this tenancy begins, the tenant will pay a pet damage deposit of $  100.00 on or before the date this tenancy starts. (c) If the landlord agrees to allow the tenant to acquire a pet during the tenancy, the tenant will pay a pet damage deposit in an amount set by the landlord, but not to exceed one-half of the monthly rent payable for the residential property when the pet is acquired. (d) The landlord agrees (i) that the security deposit and pet damage deposit must each not exceed one half of the monthly rent payable for the residential property, (ii) to keep the security deposit and pet damage deposit during the tenancy and pay interest on it in accordance with the regulation, and (iii) to repay the security deposit and pet damage deposit and interest to the tenant within 15 days of the end of the tenancy agreement, unless A) the tenant agrees in writing to allow the landlord to keep an amount as payment for unpaid rent or damage, or B) the landlord makes an application for dispute resolution under the RTA within 15 days of the end of the tenancy agreement to claim some or all of the security deposit or pet damage deposit. (e) The 15 day period starts on the later of (i) the date the tenancy ends, or (ii) the date the landlord receives the tenant's forwarding address in writing. (f) If a landlord does not comply with subsection (d), the landlord (i) may not make a claim against the security deposit or pet damage deposit, and (ii) must pay the tenant double the amount of the security deposit, pet damage deposit, or both. (g) The tenant may agree to use the security deposit and interest as rent only if the landlord gives written consent. 13.

SECURITY DEPOSIT AND PET DAMAGE DEPOSIT. The tenant will pay a security deposit in the amount of $  on or before the date this tenancy starts. If the tenant has a pet when this tenancy begins, the tenant will pay a pet damage deposit of $  on or before the date this tenancy starts. If the landlord agrees to allow the tenant to acquire a pet during the tenancy, the tenant will pay a pet damage deposit in an amount set by the landlord, but not to exceed one-half of the monthly rent payable for the residential property when the pet is acquired. The landlord agrees agrees: that the security deposit and pet damage deposit must each not exceed one half of the monthly rent payable for the residential property, to keep the security deposit and pet damage deposit during the tenancy and pay interest on it in accordance with the regulation, and to repay the security deposit and pet damage deposit and interest to the tenant within 15 days of the end of the tenancy agreement, unless the tenant agrees in writing to allow the landlord landlord to keep an amount as payment for unpaid rent or damage, or the landlord makes an application for dispute resolution under the RTA within 15 days of the end of the tenancy agreement to claim some or all of the security deposit or pet damage deposit. The 15 day period starts on the later of the date the tenancy ends, or the date the landlord receives reeives the tenant's ’s forwarding address in writing. If a landlord does not comply with subsection (d), the landlord may not make a claim against the security deposit or pet damage dmage deposit, and must pay the tenant double the amount of the security deposit, pet damage deposit, or both. The tenant may agree to use the security deposit and interest as rent only if the landlord gives written consent.

SECURITY DEPOSIT AND PET DAMAGE DEPOSIT. The tenant will pay a security deposit in the amount of $   on or before the date this tenancy starts. If the tenant has a pet when this tenancy begins, the tenant will pay a pet damage deposit of $  on or before the date this tenancy starts. If the landlord agrees to allow the tenant to acquire a pet during the tenancy, the tenant will pay a pet damage deposit in an amount set by the landlord, but not to exceed one-half of the monthly rent payable for the residential property when the pet is acquired. The landlord agrees agrees: that the security deposit and pet damage deposit must each not exceed one half of the monthly rent payable for the residential property, to keep the security deposit and pet damage deposit during the tenancy and pay interest on it in accordance with the regulation, and to repay the security deposit and pet damage deposit and interest to the tenant within 15 days of the end of the tenancy agreement, unless the tenant agrees in writing to allow the landlord to keep an amount as payment for unpaid rent or damage, or the landlord makes an application for dispute resolution under the RTA within 15 days of the end of the tenancy agreement to claim some or all of the security deposit or pet damage deposit. The 15 day period starts on the later of the date the tenancy ends, or the date the landlord receives reeives the tenant's ’s forwarding address in writing. If a landlord does not comply with subsection (d), the landlord may not make a claim against the security deposit or pet damage dmage deposit, and must pay the tenant double the amount of the security deposit, pet damage deposit, or both. The tenant may agree to use the security deposit and interest as rent only if the landlord gives written consent.