Vacating Tenants Sample Clauses

Vacating Tenants. Tenants acknowledge that any decision to vacate the Premises will not entitle such Tenants to a return of the Security Deposit until the end of the Term, as the same may be renewed. In the event any Tenant(s) are allowed to vacate the Premises early, the remaining Tenant(s) must pay the vacating Tenant(s) the vacating Tenant(s) pro rata share of the Security Deposit paid by such vacating Tenant(s). It is the responsibility of the vacating Tenant(s) to notify Lessor in writing if vacating T enant(s) did not receive their pro rata share of the Security Deposit. Lessor may agree to return a portion of the Security Deposit to such vacating Tenant(s) in its sole discretion, provided that the re maining Tenant(s) and/or replacement Tenant(s) must first deposit funds with Lessor in the amount of such partial refund to be paid to the vacating Te nant(s), together with an administrative fee of $200.00. Return of the pro rata share of the Security Deposit to a vacating Tenant is still subject to the automatic and potential deductions described in Section 5 (Security Deposit).