WITHHOLDING SECURITY DEPOSIT Sample Clauses

WITHHOLDING SECURITY DEPOSIT. In order to satisfy the requirements of § 34.03.070 of the Alaska State Legislature, the landlord must inform the tenant of the terms in which the landlord may withhold any amount of the security deposit.
Sample 1
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WITHHOLDING SECURITY DEPOSIT. Landlord may withhold all or part of the Security Deposit upon the termination of this Agreement for any lawful reason. Said lawful reasons may include, but are not limited to, any the following: any cleaning fees or other costs incurred to restore the Premises to the condition reflected in the Property Condition Checklist less “wear resulting from ordinary use of the premises” as defined in RCW 59.18.030; any damages or loss caused by Xxxxxx’s default or breach of this Agreement; any damages to the Premises caused by Tenant or Tenant’s guest(s); any replacement costs for fixtures or other items contained in the Premises that are damaged or destroyed; any damaged or missing keys or other access devices; any reletting expenses; any delinquent or unpaid rent; late fees; any outstanding utility charges for which Xxxxxx is responsible; any government assessments against Landlord resulting from an action or omission of Tenant or Tenant’s guest(s); any costs associated with illegally parked vehicles; any returned check fees; any fees related to the removal and storage of items left in the Premises; and any costs, including attorneys’ fees, related to eviction proceedings or the enforcement of this Agreement.
Sample 1
WITHHOLDING SECURITY DEPOSIT. The owner or lessor who fails to refund the security deposit as required by section 12 of this Act, shall pay to the tenant or lessee a compensation with lawful interest for the delay of days.
Sample 1

Related to WITHHOLDING SECURITY DEPOSIT

  • Security Deposit Tenant hereby deposits with Landlord the sum of $9,955.00 (hereinafter referred to as “Collateral”), as security for the prompt, full and faithful performance by Tenant of each and every provision of this Lease and of all obligations of Tenant hereunder. No interest shall be paid to Tenant on the Collateral, and Landlord shall have the right to commingle the Collateral with Landlord’s other funds. If Tenant fails to perform any of its obligations hereunder, Landlord may use, apply or retain the whole or any part of the Collateral for the payment of (a) any rent or other sums of money which Tenant may not have paid when due, (b) any sum expended by Landlord on Tenant’s behalf in accordance with the provisions of this Lease, and/or (c) any sum which Landlord may expend or be required to expend by reason of Tenant’s default, including, without limitation, any damage or deficiency in or from the reletting of the Premises as provided in Paragraph 21. The use, application or retention of the Collateral, or any portion thereof, by Landlord shall not prevent Landlord from exercising any other right or remedy provided by this Lease or by law (it being intended that Landlord shall not first be required to proceed against the Collateral) and shall not operate as a limitation on any recovery to which Landlord may otherwise be entitled. If any portion of the Collateral is used, applied or retained by Landlord for the purposes set forth above, Txxxxx agrees, within ten days after the written demand therefor is made by Landlord, to deposit cash with the Landlord in an amount sufficient to restore the Collateral to its original amount. If Tenant shall fully and faithfully comply with all of the provisions of this Lease, the Collateral, or any balance thereof, shall be returned to Tenant without interest after the expiration of the Term or upon any later date after which Txxxxx has vacated the Premises. In the absence of evidence satisfactory to Landlord of any permitted assignment of the right to receive the Collateral, or of the remaining balance thereof, Landlord may return the same to the original Tenant, regardless of one or more assignments of Tenant’s interest in this Lease or the Collateral. In such event, upon the return of the Collateral, or the remaining balance thereof to the original Tenant, Landlord shall be completely relieved of liability under this Paragraph 24 or otherwise with respect to the Collateral. Tenant acknowledges that Lxxxxxxx has the right to transfer or mortgage its interest in the Land and the Building and in this Lease and Txxxxx agrees that in the event of any such transfer or mortgage, Landlord shall have the right to transfer or assign the Collateral to the transferee or mortgagee. Upon written acknowledgement of transferee’s or mortgagee’s receipt of such Collateral, Landlord shall thereby be released by Tenant from all liability or obligation for the return of such Collateral and Tenant shall look solely to such transferee or mortgagee for the return of the Collateral. The Collateral shall not be mortgaged, assigned or encumbered in any manner whatsoever by Tenant without the prior written consent of Landlord.

  • Rent Payment Tenant shall pay the Base Rent for the premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the premises. Additional rent means amounts determined under section 19 of this lease and any other sums payable by Tenant to Landlord under this lease. Rent not paid when due shall bear interest at the rate of one-and-one-half per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord's rights hereunder.

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