Security Deposit Amount Clause Examples
The Security Deposit Amount clause defines the specific sum of money that a tenant must provide to the landlord as a security deposit at the start of a lease. This amount is typically held by the landlord throughout the tenancy and may be used to cover unpaid rent, damages beyond normal wear and tear, or other breaches of the lease agreement. By clearly stating the required deposit, this clause ensures both parties understand the financial obligations involved and helps protect the landlord against potential losses while providing transparency for the tenant.
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Security Deposit Amount. Document the amount of money the Lessee must submit to the Lessor (and held temporarily, by the Lessor, as a security against any property damage and costly lease violations caused by the Lessee). The Lessee will receive a return of this exact amount if the lease successfully terminates with no incidents requiring compensation from the Lessee to the Lessor. Be advised that the time frame of this return as well as the amount that can be submitted as a security deposit are both subject to the state and country regulations where the property is physically located. 8. Leasehold Improvement (23)
Security Deposit Amount. The SECURITY DEPOSIT is $ . The SECURITY DEPOSIT must be paid on or before the date this LEASE is signed. This amount does NOT include any animal deposit if applicable.
Security Deposit Amount. Specify whether the tenant is required to pay a security deposit. If yes, provide the total dollar amount of the security deposit to be paid by the tenant to the landlord.
Security Deposit Amount. The amount making up the security deposit will need to be agreed upon by all the Participants of this agreement when it is required. To this end, establish the security deposit amount as equal to a single month’s rent amount, equal to two months’ rent amount, or as some “Other” amount by selecting one of the checkbox options displayed. Bear in mind that if the security deposit will not be either one or two months’ rent then, the exact dollar amount to be submitted by the Roommates must be defined in the “Other” option.
Security Deposit Amount. Lessee shall pay the Security Deposit in cash into Lessor’s bank account in accordance with the provisions of Appendix 2B, Section 2.
Security Deposit Amount. Twenty-Eight Thousand Five Hundred Five Dollars ($28,505.00).
Security Deposit Amount. Eighty-Eight Thousand Four Hundred Ten Dollars ($88,410.00), subject to reduction as set forth in Section 11.4.
Security Deposit Amount. Upon the execution of this Lease, Tenant shall deposit with Landlord cash or a check in the amount of the Security Deposit Amount to secure the performance by Tenant of its obligations under this Lease, including without limitation Tenant's obligations to (a) pay Rent, (b) repair damages to the Premises caused by Tenant, Tenant's agent(s), employee(s), officer(s) and/or independent contractor(s) of or retained by Tenant ("Tenant's Representatives"), and/or Tenant's guests, visitors, customers, invitees and/or licensees ("Tenant's Invitees"), (c) clean the Premises upon termination of this Lease, and (d) remedy future defaults by Tenant in any obligation under this Lease to restore, replace or return personal property installed or located in or on the Premises including without limitation trade fixtures, furnishings, equipment and inventory, signs, satellite dish ("Personal Property") or appurtenances. If Tenant defaults under this Lease, including without limitation a default described in the preceding sentence, Landlord may use the security deposit to cure such defaults and to compensate Landlord for all or a portion of Landlord's damage resulting from such defaults. Upon demand by Landlord, Tenant shall promptly pay to Landlord a sum equal to the amount so used by Landlord so as to replenish the Security Deposit Amount. Within thirty (30) days after the Expiration Date, Option Expiration Date or earlier termination of this Lease, Landlord shall deliver to Tenant, at Tenant's address, any portion of such Security Deposit Amount not used by Landlord, together with a detailed statement explaining how any portion of the Security Deposit Amount was used. Landlord may commingle such Security Deposit Amount with Landlord's other funds and Landlord shall not pay to Tenant interest on such Security Deposit Amount. In the event of a bankruptcy or other insolvency or a debtor-creditor proceeding against or by Tenant, the Security Deposit Amount shall be deemed applied first to the payment of Rent and other amounts due Landlord for all periods prior to the date of filing or instigating such proceedings. To the extent any debts, liabilities and obligations of Tenant under this Lease have not been satisfied, Tenant shall remain fully liable to Landlord for their payment and/or performance. Provided that Tenant has not been in default under this Lease beyond the cure period set forth in Section 12 below during the first sixty (60) months of the Term, Landlord shall ret...
Security Deposit Amount. The SECURITY DEPOSIT is $ . [NOTE: THE SECURITY DEPOSIT CANNOT BE IN EXCESS OF ONE