The Security Deposit definition

The Security Deposit means that identified in the Particulars and referred to in the Standard Conditions

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

The Security Deposit means any sum collected from the Tenant at the start of the

The Security Deposit means the sum of L.48,420

Examples of The Security Deposit in a sentence

• The Security Deposit is not an advance rental deposit or a measure of Landlord’s damages in case of Tenant’s default.

• The Security Deposit shall be held by Landlord as security for the performance of Tenant’s obligations under this Lease.

• The Security Deposit may not be used to pay the last month’s rent unless written permission is granted by the Lessor.

• The Security Deposit shall be returned to the Tenant within [#] days after the end of the Lease Term less any itemized deductions.

• The Security Deposit is not an advance payment of Rent or a measure of damages.

• The Security Deposit is required by the Tenant upon the execution of this Agreement.

• The Security Deposit shall be returned to the Tenant within [#] days after the end of the Lease Term, less any itemized deductions.

• The Security Deposit is returned to the Tenant in accordance with the timeframe mentioned or Governing Law, whichever is greater.

• The Security Deposit is not an advance rental deposit or a measure of Landlord's damages in case of Tenant's default.

• The Security Deposit shall be held by Landlord as security for the faithful performance by Tenant of all the terms, covenants, and conditions of this Lease to be kept and performed by Tenant during the Lease Term.

More Definitions of The Security Deposit

The Security Deposit in the amount of $36,375.00 shall be held and disposed of as provided in Section 4.

The Security Deposit has been deposited with the Landlord as security for the faithful performance by the Tenant of all the terms, covenants, and conditions of this Lease. The Security Deposit is to be credited to the first month’s Annual Basic Rent payable under this Lease (including applicable GST), with the balance to be held as the Security Deposit on the terms contained herein. If the Tenant fails to pay Rent 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 towards the payment of any Rent in default, or for the payment of any other expense the Landlord may incur by reason of the Tenant’s default, or to compensate the Landlord for any loss or damage the Landlord may suffer without prejudice to any of the Landlord’s legal rights to claim further damages or compensation from the Tenant. If the Landlord so uses or applies all or any portion of the remaining Security Deposit, the Tenant will within 10 days of the demand deposit cash with the Landlord in an amount sufficient to restore the Security Deposit to the full amount remaining after credit to the first month’s Annual Basic Rent. The Landlord will not be required to keep the Security Deposit separate from its general accounts. If the Tenant performs all of the Tenant’s obligations, the Security Deposit, or so much of it as has not before been applied by the Landlord, will be returned, without payment of interest or other increment for its use, to the Tenant within sixty (60) days after the expiration of the Term, and provided that the Tenant has vacated the Premises. No trust relationship is created herein between the Landlord and the Tenant with respect to the Security Deposit.