Common use of Security Deposit Refund Clause in Contracts

Security Deposit Refund. Tenants agree that if more than one (1) person occupies the Property the damages, at the Landlord’s discretion, may be apportioned between all the Tenants and subtracted from the Security deposits, as well as any additional monies that may be charged if the Security deposits are insufficient, plus a proportional administrative fee. Upon the end of the Tenant’s Lease, Tenants will be given a list of the deductions made to the account and will receive the remaining balance within 30 days of the termination of the Lease, provided Tenants have given the Property Manager forwarding addresses. If the Tenant fails to provide a forwarding address, Tenant agrees to waive any rights to the remaining balance; said rights shall be deemed waived and abandoned. Remaining balance check will not be mailed until all keys are returned and all utilities are turned off and balances paid. No interest is paid on security deposits.

Security Deposit Refund. Tenants agree that if more than one (1) person occupies the Property the damages, at the Landlord’s Owners discretion, may be apportioned between all the Tenants and subtracted from the Security deposits, as well as any additional monies that may be charged if the Security deposits are insufficient, plus a proportional administrative fee. Upon the end of the Tenant’s Lease, Tenants will be given a list of the deductions made to the account and will receive the remaining balance within 30 days of the termination of the Lease, provided Tenants have given the Property Manager forwarding addresses. If the Tenant fails to provide a forwarding address, Tenant agrees to waive any rights to the remaining balance; said rights shall be deemed waived and abandoned. Remaining balance check will not be mailed until all keys are returned and all utilities are turned off and balances paid. No interest is paid on security deposits.

Security Deposit Refund. Tenants agree that if more than one (1) person occupies the Property the damages, at the Landlord’s discretion, may be apportioned between all the Tenants and subtracted from the Security deposits, as well as any additional monies that may be charged if the Security deposits are insufficient, plus a proportional administrative fee. Upon the end of the Tenant’s Lease, Tenants will be given a list of the deductions made to the account and will receive the remaining balance within 30 days of the termination of the Lease, provided Tenants have given the Property Manager forwarding addresses. If the Tenant fails to provide a forwarding address, Tenant Xxxxxx agrees to waive any rights to the remaining balance; said rights shall be deemed waived and abandoned. Remaining balance check will not be mailed until all keys are returned and all utilities are turned off and balances paid. No interest is paid on security deposits.