SECURITY DEPOSIT AND ADVANCE RENT. All security deposits and advance rent must be held by Broker in a Florida banking institution and in accordance with Chapter 83, Florida Statutes. Broker shall have full responsibility to collect rents, deposit and hold funds received on behalf of tenant as required by Chapter 83.49, Florida Statutes and disburse the security deposit to the tenant in accordance with Florida law. Owner shall indemnify Broker in the event Tenant sues Broker over a dispute concerning Owner's disposition of the security deposit or advance rent.
SECURITY DEPOSIT AND ADVANCE RENT. PLEASE NOTE: FLORIDA STATUE 83.49 REQUIRES THE OWNER/LANDLORD TO HOLD THE SECURITY DEPOSIT IN A FLORIDA BANKING INSTITUTION. OWNER ACKNOWLEDGES RECEIPT OF FLORIDA STATUE 83.49 RELATED TO SECURITY DEPOSITS (pg. 15 & 16 of this agreement). IT IS RECOMMENDED THAT OWNERS PERUSE A COMPLETE COPY OF THE FLORIDA LANDLORD AND TENANT ACT (FLORIDA STATUTE 83, PART 11) WHICH HAS TO DO WITH FLORIDA LAW AS IT PERTAINS TO RESIDENTIAL TENANCIES. All security deposits and advance rent must be held in a Florida banking institution and in accordance with Chapter 83, Florida Statutes. Owner shall have full responsibility to collect rents and deposits, to hold funds received on behalf of tenant as required by Chapter 83.49, Florida Statutes, and to disburse the security deposit to the tenant in accordance with Florida Law. Owner shall indemnify Broker in the event Tenant sues Brokers over a dispute concerning Owner’s disposition of the security deposit or advance rent. The security deposit collected from the Tenant may be made payable to and turned over to the Owner, thereby, releasing the Broker from all liability for the return of security deposit upon termination of the lease. Owner agrees that all responsibilities of the Broker shall end with the execution of the lease. The owner hereby indemnifies and holds harmless the Broker from any claims or costs incurred by the Broker in defending against any claims arising from the security deposit. The suggested amount of security deposit will be 120% of one month’s rent, unless negative findings are discovered during the credit or background check. If the Owner resides out of the State of Florida, the security deposit will be transferred to the Owner’s financial institution within the State of Florida only. Owner shall provide Broker with all Florida banking information to facilitate transfer of security deposit. Owner acknowledges that Broker is not a property manager for the premises described herein, and Broker’s sole responsibility is to secure a tenant acceptable to Owner. Upon acceptance and execution of lease agreement, Broker shall be relieved of all further responsibilities and obligations, except to remit to Owner the sums specified.
SECURITY DEPOSIT AND ADVANCE RENT. Concurrent with execution of this Lease (for purposes of this Lease, "Lease II"), Tenant has executed a Lease (for purposes of this Lease, "Lease I") of all space in an office/flex building located at 0000 XX 000xx Xxxxxx, Xxxxxxxxx, Xxxxxx. To secure Tenant's compliance with all of the terms and provisions of this Lease II, and with all of the terms and provisions of Lease I, Tenant shall provide Landlord one security deposit of either:
SECURITY DEPOSIT AND ADVANCE RENT. All security deposits and advance rent must be held by Owner in a Florida banking institution and in accordance with Chapter 83.49(3)
SECURITY DEPOSIT AND ADVANCE RENT. Owner shall have full responsibility to collect rents, deposit and hold funds received on behalf of tenant and disburse the security deposit to the tenant in accordance with Arizona Landlord Law. Owner shall indemnify Broker in the event Tenant sues Brokers over a dispute concerning Owner’s disposition of the security deposit.
SECURITY DEPOSIT AND ADVANCE RENT. All security deposits and advance rent must be held by Owner in a Florida banking institution and in accordance with Chapter 83.49(3), Florida Statutes. Owner shall have full responsibility to collect rents, deposit and hold funds received on behalf of tenant as required by Chapter 83.49(3), Florida Statutes and disburse the security deposit to the tenant in accordance with Florida Law. It is recommended that as an Owner/Landlord that you should obtain and review a complete copy of the Florida Landlord and Tenant Act (Florida Statutes 83, Part II), which pertains to Florida Law regarding residential tenancies. Owner shall indemnify Broker in the event Tenant sues Broker over a dispute IoﾐIerﾐiﾐg O┘ﾐer’s dispositioﾐ of the seIurit┞ deposit or ad┗aﾐIe reﾐt. The seIurit┞ deposit collected from the Tenant shall be made payable to and turned over to the Owner, thereby, releasing the Broker from all liability for the return of security deposit upon termination of the lease. Owner agrees that all responsibilities of the Broker shall end with the execution of the lease. The Owner hereby indemnifies and holds harmless the Broker from any claims or costs incurred by the Broker in defending against any claims arising from the security deposit. The suggested amount of security deposit will be equal to one month’s rent, unless negative findings are discovered during the credit or background check. Owner acknowledges that Broker is not a property manager for the premises described herein, and Broker’s sole responsibility is to secure a tenant. Upon execution of the lease agreement, Broker shall be relieved of all further responsibilities and obligations.
SECURITY DEPOSIT AND ADVANCE RENT. The Lessor acknowledges receipt of Dollars ($ ) to be paid upon the execution of this Lease as security for the premises. Lessor shall retain the security deposit for the Lessee’s faithful performance of this Lease. The Lessor is not obligated to apply the security deposit or advance rent to rents or other charges in arrears or on damages for the Lessee’s failure to perform the Lease. However, the Lessor may so apply the security at its option and Lessor's right to possession of the premises for nonpayment of the rent or for any other reason shall not in any event be affected by reason of the fact that Lessor holds this security. The advance rent may be applied to any damage to the unit. The security deposit, if not applied toward payment of arrearages or damages as herein provided, is to be returned to the Lessee when the Lease is terminated, after the Lessee has vacated the premises and delivered possession to the Lessor in the same condition as delivered to Lessee at the commencement of the Lease, ordinary wear and tear expected. If the Lessor repossesses the premises because of the Lessee’s default or breach, the parties acknowledge that the security deposit may be retained by the Lessor as liquidated damages, consideration for the execution of this Lease and in full settlement of all claims. The security deposit will be held in a non-interest bearing account.
SECURITY DEPOSIT AND ADVANCE RENT. Upon execution of the Lease, Lessee shall pay a security deposit of $36,091.00 and advance rent of $36,091.00 for a total of $72,182.00. The amounts set forth in this paragraph 55 may be adjusted pursuant to the provisions of paragraph 52 of this Addendum to Lease.
SECURITY DEPOSIT AND ADVANCE RENT. Concurrent with the execution of this lease, Lessee has deposited with Lessor the amount of $11,642.34, as payment for the first month and partial payment for last month rent. The receipt of which is acknowledged by Lessor for Lessee’s payment of the agreed rent. For the security deposit, Lessee shall pay Lessor a total of $5,624.32, also due upon execution of the lease agreement. lf, at any time Lessee defaults in any provision of this lease, Lessor will have the right to use the security deposit or as much of it as may be necessary to pay any rent in default, any expense incurred by Lessor in curing any default by Lessee, or any damages incurred by Lessor by reason of Lessee’s default. if the security deposit is not used for any such purpose, it shall be refunded to Lessee on the expiration of this lease. This sum shall be retained by Lessor as security for Leesee’s payment of the agreed rent. Lessee will not be entitled to interest on the security deposit. The Lessee acknowledges and understands that the Lessor will hold advance rent of $5,624.32 and shall be consider as payment in escrow for the last month rent.
SECURITY DEPOSIT AND ADVANCE RENT. Tenant shall increase its security deposit ("Security Deposit") by an additional $15,875.75 concurrent with its execution of this First Amendment as well as paying advance rent for the month of November, 1998 in the same amount of $15,875.75, also with the execution of this First Amendment.
