Security deposit guarantee definition

Security deposit guarantee means a written agreement [in lieu of paying the security deposit directly to the landlord that is executed between the commissioner or his or her designee or agent and the landlord.] between the commissioner, the commissioner’s designee or the department’s agent and a landlord that provides that the department will pay the landlord for damages up to the amount of the security deposit if the tenant fails to comply with the obligations in section 47a-21 of the Connecticut General Statutes;
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Security deposit guarantee means a written agreement in lieu of paying the security deposit directly to the landlord that is executed between the commissioner or his or her designee or agent and the landlord.
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Related to Security deposit guarantee

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

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

  • Security Deposit Account has the meaning given in Section 5.1.

  • Lease Guaranty A guaranty of certain obligations of Tenant under this Lease executed and delivered by each Guarantor substantially in the form of Exhibit G annexed hereto.

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.