Security Deposit definition

Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Security Deposit means any refundable deposit of money that is furnished by a tenant to a landlord

Security Deposit shall have the meaning ascribed to it in Section 3.5.

Examples of Security Deposit in a sentence

• Notwithstanding the foregoing, upon the application by Landlord of all or any portion of the Security Deposit (with or without notice thereof to Tenant) to compensate Landlord for a failure by Tenant to pay any Rent or Additional Rent when due or to perform any other material obligation hereunder, and until Tenant shall have restored the Security Deposit to the amount required hereby, Tenant shall be deemed to be in default in the payment of Additional Rent for purposes of Section 14(i) hereof.

• If the Landlord so uses or applies all or any portion of the Security Deposit, the Tenant will within 10 days after demand therefor deposit cash with the Landlord in an amount sufficient to restore the Security Deposit to the full amount thereof.

• So long as Tenant shall not be in default of its material obligations under this Sublease, Landlord shall return the Security Deposit, or so much thereof as shall have not theretofore been applied in accordance with the terms of this Section 5, to Tenant promptly following the expiration or earlier termination of the term of this Sublease and the surrender of possession of the Premises by Tenant to Landlord in accordance with the terms hereof.

• The Security Deposit shall not be mortgaged, assigned, transferred or encumbered by Tenant and any such act on the part of Tenant shall be without force and effect and shall not be binding upon Landlord.

• If the Tenant fails to pay Rental or otherwise defaults with respect to any provision of this Lease, the Landlord may use, apply or retain all or any portion of the Security Deposit for the payment of any Rent in default, or for the payment of any other expense which the Landlord may incur by reason of the Tenant’s default, or to compensate the Landlord for any loss or damage which the Landlord may suffer thereby.

More Definitions of Security Deposit

Security Deposit means an amount of money you must pay to us before we supply Energy to you (and which we hold as a deposit);

Security Deposit means a refundable payment or deposit of money, however designated, the primary function of which is to secure the performance of a rental agreement or any part of a rental agreement. “Security deposit” does not include a fee.

Security Deposit means any cash held by or for the benefit of the Borrower as a “security deposit” (or other similar term) pursuant to any Lease.

Security Deposit means a deposit, in any amount, paid by the tenant to the landlord or his or her agent to be held for the term of the rental agreement, or any part of the term, and includes any required prepayment of rent other than the first full rental period of the lease agreement; any sum required to be paid as rent in any rental period in excess of the average rent for the term; and any other amount of money or property returnable to the tenant on condition of return of the rental unit by the tenant in condition as required by the rental agreement. Security deposit does not include either of the following:

Security Deposit means, with respect to any Lease Agreement, the refundable security deposit specified in such Lease Agreement.

Security Deposit means a refundable payment or deposit of money, however designated,

Security Deposit means any deposit of money or property to secure performance by the tenant under a rental agreement.