Security/Damage Deposit. Simultaneously with the execution and delivery of this Lease, Tenant shall deposit with Landlord or Agent the sum set forth in Section 1.10 above, in cash (the “Security”), representing security for the performance by Tenant of the covenants and obligations hereunder. The Security shall be held by Landlord or Agent, without interest, in favor of Tenant; provided, however, that no trust relationship shall be deemed created thereby; the Security may be commingled with other assets of Landlord; and Landlord shall not be required to pay any interest on the Security. If Tenant defaults in the performance of any of its covenants hereunder, Landlord or Agent may, without notice to Tenant, apply all or any part of the Security to the cure of such default or the payment of any sums then due from Tenant under this Lease (including, but not limited to, amounts due under Section 22.2 of this Lease as a consequence of termination of this Lease or Tenant’s right to possession), in addition to any other remedies available to Landlord. In the event the Security is so applied, Tenant shall, upon demand, immediately deposit with Landlord or Agent a sum equal to the amount so used. If Tenant fully and faithfully complies with all the covenants and obligations hereunder, the Security (or any balance thereof) shall be returned to Tenant within thirty (30) days after the later to occur of (i) the date the Term expires or terminates or (ii) delivery to Landlord of possession of the Premises. Landlord may deliver the Security to any lender with a mortgage lien encumbering the Property or to any Successor Landlord (defined below), and thereupon Landlord and Agent shall be discharged from any further liability with respect to the Security.
Security/Damage Deposit. The security deposit of $ shall secure the performance of the Lessee’s obligations hereunder. Lessor may apply all or portions of said deposit on account of Xxxxxx’s obligations hereunder. Upon exercise of the option, Lessor shall credit said deposit towards the purchase price of the property. .
Security/Damage Deposit. A Security / Damage deposit is required latest at check-in, and must be either received on ANSA account at time of check in, or can be paid in cash at arrival This security deposit will be returned at check out, provided proper check-out procedures are followed, and there is no breakage or damage to the PROPERTY.
Security/Damage Deposit. The security deposit is to be held to reserve rental for . Upon Xxxxxx’s arrival, it becomes a damage deposit. If the Tenant changes his/her/their mind, the security deposit is non- refundable and will be forfeited. The damage deposit will be returned within 20 days of the expiration of the Lease pursuant to Rhode Island General Laws, turning in the keys ($10.00 for each missing key), and providing forwarding addresses, provided there is no physical damage to the premises and its furnishings, other than ordinary wear and tear, and no outstanding bills as provided. Tenants agree to allow Lessor to deduct from the security deposit the following charges if they apply: (a) The costs of any repairs, replacements, redecorating, and or refurnishing of the premises, or any fixtures, systems or appliances, caused by other than “ordinary” wear; (b) any damages caused by smoking inside the house as smoking is not permitted; (c) a reasonable cleaning expense; and (d) any outstanding bills (e.g. cable, internet, phone, electric, fuel). THE SECURITY DEPOSIT MAY NOT BE USED FOR RENTAL PAYMENTS.
Security/Damage Deposit. RENTER shall pay the City a Security/Damage Deposit, in the amount of $ . when this Rental Agreement is submitted, to confirm the reservation of the rental space/s. Checks should be made payable to the City of Xxxx Valley. Make sure the name of the hosting individual/ group/organization is noted on the check. If the terms in this lease agreement are upheld, the facility has been inspected and City staff has determined that there are no damages, damage may include but is not limited to the facility and equipment, the Security/Damage Deposit shall be refunded to the person named in Section 19, Authorized Agent under “Refund Check Issued to.” The refund check and invoice will be postmarked typically no later than thirty (30) business days from the last day of the rented period.
Security/Damage Deposit. Upon the due execution of this Agreement, Tenant shall deposit with Landlord the sum of ____________________________ DOLLARS ($__,____.00), receipt of which is hereby acknowledged by Landlord, as security for any damage caused to the Premises during the term hereof. Such deposit shall be returned to Tenant, without interest, and less any set off for damages to the Premises upon the termination of this Agreement. This deposit which is non-interest bearing, is to be held by Landlord as security for the full and faithful performance of all of the terms and conditions of this lease and any renewals of this lease. The security deposit is not an advance rental and Tenant may not deduct any portion of the deposit from the rent due to Landlord. In the event of forfeiture of the security deposit due to Tenant’s failure to fully and faithfully perform all of the terms and conditions of the lease, Landlord retains all of his other rights and remedies. Tenant does not have the right to cancel this lease and avoid his obligations hereunder by forfeiting the said security deposit. In the event any damage to the leased premises or equipment therein, reasonable wear and tear accepted, caused by Tenant, his family, guest(s) or agents, Tenant agrees to pay Landlord, when billed, the full amount necessary to repair or replace the damaged premises or equipment. Deductions may be made from the security deposit to reimburse Landlord for the cost of repairing any damages to the premises or equipment, or the cost of replacing any of the articles or equipment that may be damaged beyond repair, lost or missing at the termination of the lease. Deductions may also be made to cover any unpaid amounts owed to Landlord for any such damages or loss occurring prior to termination of the lease and for which Tenant has been billed. In the event that such damages or cleaning charges exceed the amount of the security deposit, Tenant agrees to pay all excess costs of Landlord. In the event there has been a forfeiture of the security deposit, charges for damages and cleaning shall be paid in addition to the amount of the said security deposit. Deductions will also be made to cover any unpaid rental amounts and late fees. Notwithstanding any other provisions expressed or implied herein, it is especially understood and agreed that the entire security deposit aforesaid shall be automatically forfeited should Tenant vacate or abandon the premises before the expiration of this lease, except where su...
Security/Damage Deposit. (a). Xxxxxx agrees to pay Landlord the sum of $ deposit as security against the breach by Tenant of any Tenant’s covenants and agreements contained herein. The Deposit will be held by Landlord as security against breach by Tenant of any provision of this Lease. Tenant understands that all or a portion of the Deposit may be retained by Landlord upon termination of this Lease or Xxxxxx’s tenancy unless each of the following conditions is satisfied:
Security/Damage Deposit. The $200 deposit will be made at the time you sign and turn in the rental agreement. The deposit will be refunded after inspection of the property is done and the check will be mailed back. If there are any issues, we will call and let you know. The Arlington Community Event Center is not responsible for any accidents or injuries occurring at or on the event center’s grounds. The Event Center is not responsible for lost items. The Arlington Community Event Center is a smoke-free facility. Smoking is prohibited inside the center. Smoking is only allowed outside in specified smoking areas and cigarettes must be disposed of in specified receptacles.
Security/Damage Deposit. The parties acknowledge that the Landlord is holding the sum of $3,700.06 to be held by Landlord as a damage deposit and/or as security for the performance by Tenant of all of the terms, covenants and conditions hereof and the payment of Rent or any other sum due Landlord hereunder. Landlord shall have the right to apply all or any part of the security deposit against: (a) unreasonable wear and tear of the Premises; (b) loss or damage to the Premises or other property of the Landlord caused by the negligence of Tenant, Tenant's employees, agents invitee or licensees; (c) the cost of repairing the Premises, except for reasonable wear and tear, to the same condition it was in at the time Tenant began occupancy thereof; and (d) Rent payments which remain due and owing beyond any applicable grace period. Landlord shall not be limited in pursuing Landlord's remedies against Tenant for costs, losses or damages to the Premises or to any other property of Landlord for any such costs, losses or damages which are in excess of the above described security deposit amount. Subject to (a) through (d) above, Landlord shall return Tenant's Security Deposit within forty five (45) days after Lease Termination. Such security deposit shall bear no interest and may be commingled with other security deposits or funds of Landlord.
Security/Damage Deposit. Unless this section is crossed out and initialed by the Landlord, a security deposit in the amount of $550.00 will be paid in advance to the Landlord. These monies will be held by the Landlord and returned to the Tenant , said deposit shall be returned to the Renter within 30 days of the rental. Subject to payment of all rents due, return of the premises in the condition they were rented, ordinary wear and tear accepted, and return of all keys issued. A Garbage/Trash fee of $50.00 is collected from all single use renters.
