TENANT ACKNOWLEDGES. The security deposit listed in this rental agreement is held by the Landlord of the property. The security deposit will be endorsed to all current tenants on the Rental Agreement. No portion of the security deposit will be refunded if one or more parties fail to give notice to vacate prior to vacancy and are no longer on the Rental Agreement. The security deposit will only be refunded when the property is completely vacated.
TENANT ACKNOWLEDGES. (i) that Buyer has agreed to purchase the Project, and to accept an assignment of the Lease as Landlord; and
TENANT ACKNOWLEDGES. The security deposit listed in this Rental Agreement is held by the Landlord of the property. If the deposit was transferred from a previous lease not of Aloha Property Management the Tenant acknowledges that refund should be pursued directly from the prior Landlord or Owner. Tenant acknowledges the security deposit will not be refunded until after vacancy and the security deposit will be endorsed to all current tenants on this Rental Agreement. No portion of the security deposit will be refunded if one or more parties give notice to vacate prior to vacancy and are no longer on the Rental Agreement. The security deposit will only be refunded when the property is completely vacated, within the pre-agreed date of vacancy. Xxxxxx also understands and agrees that should the Premises herein described be the subject of a foreclosure action, or sold, or otherwise transferred, that Landlord shall not be liable to Tenant for the refund of the security deposit. Therefore, Xxxxxx agrees to look to the new owners of the property for reimbursement of their security deposit. Tenant hereby agrees to release and indemnify, hold harmless and defend Landlord from any claims to the security deposit held herein.
