SECURITY DEPOSIT DEDUCTIONS Sample Clauses

SECURITY DEPOSIT DEDUCTIONS. Resident understands that the Security Deposit will be used for, but not limited to, damages to the Resident’s Bedroom and Common Areas of the Unit and cleaning and repairs beyond "normal wear and tear" to Resident's Bedroom and the Common Areas of the Unit caused by the Resident, Co-tenants, invitees and guests, unpaid utilities (if applicable), unpaid Rents, unpaid late charges, fees, re-rental expenses, and other fines for which Resident is liable. Resident understands that liability for such damages is not limited to the amount of the Security Deposit and that such liability can go beyond the amount of the Security Deposit. Resident agrees that the Security Deposit is not to be used in lieu of last month's Rent Installment, an advanced rent payment, or any other sum anytime during the Resident's tenancy. Liability under this Lease of each Resident of the Unit is joint and several, except as to liability for base Rent. Unless all Co-tenants of the Unit agree otherwise in writing, and said written agreement is sent to Landlord within three (3) days of the termination of this Lease, deductions from the four (4) or five (5) Co-tenants’ Security Deposits, for other than unpaid Rent, may be deducted from the four (4) or five (5) Security Deposits on a prorated basis. A summary of costs have been provided in the Resident Handbook Rules and Regulations; however these costs are merely estimates, and Resident(s) will be obligated to pay the actual market rate costs of repair and / or replacement, as applicable.
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SECURITY DEPOSIT DEDUCTIONS. Landlord may deduct from the security deposit any such amounts as are reasonably necessary to recover any defaults made in the faithful performance by Tenant of the Lease. Tenant must return the premises to the condition at the commencement of the Lease, reasonable wear and tear excluded. The cost of maintenance and repairs due to reasonable wear and tear shall be assumed by Landlord. Landlord shall return any remaining portion of the security deposit to Tenant within 21 days after Tenant has vacated and Landlord has regained possession of the premises. In the event any deduction to the security deposit is made by Landlord, Landlord shall provide Tenant with an itemized statement accounting for the use of the unrefunded portion of the security deposit, including a detailed itemization of labor and materials, within 21 days of this Lease’s termination.
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SECURITY DEPOSIT DEDUCTIONS. If Tenant fails to comply with requirements for vacating or surrendering Premises in its cleanly, original condition, less normal wear and tear, or if Tenant causes damage to common areas or other areas on the property, Tenant agrees Landlord may deduct from the Security Deposit an amount for labor, materials, supplies, cleaning, and administrative costs. Labor costs will be billed at $60.00 per hour per worker or the actual hourly cost of the worker hired if such cost exceeds $60.00 per hour. At the end of the lease, damage to the property will be determined based on the ''Move In/Out Checklist'' form given to the Tenant at the start of the lease. Any and all charges deducted from the Security Deposit may incur a 10% additional administration fee.
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SECURITY DEPOSIT DEDUCTIONS. There shall be deducted from the Deposit appropriate charges for (a) unpaid rent including late charges (b) unpaid utilities, (c) cleaning, damages and required repair to the leased premises (d) replacing unreturned mailbox keys, (e) removing and/or storing abandoned property, (f) removing abandoned or illegally parked vehicles, (g) agreed costs of reletting, (h) attorney’s fees and court costs incurred in any eviction proceeding against Tenant and (i) other charges provided for herein or agreed to by the parties hereto. Deposit will be first applied to non-rent items, including late charges, charges for returned checks, deductions outlined above, if any, then to unpaid rent. Any balance of Deposit shall be refunded to Tenant’s forwarding address provided to Landlord in writing by Tenant in accordance with state law. Landlord shall provide Tenant a written report of any deductions. If deductions exceed the Deposit, Tenant agrees to pay to Landlord any overage amount within (10) days of written notice to Tenant by Landlord.
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SECURITY DEPOSIT DEDUCTIONS. Prior to refund, deductions will be made from the Security Deposit for the following items (a) A cleaning charge of
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SECURITY DEPOSIT DEDUCTIONS. There shall be deducted from the Deposit appropriate charges for
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SECURITY DEPOSIT DEDUCTIONS. Property Address:  Tenants should not expect full Security Deposit refunds.
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Related to SECURITY DEPOSIT DEDUCTIONS

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • SECURITY DEPOSIT Tenant hereby deposits with Landlord the sum of $9,955.00 (hereinafter referred to as “Collateral”), as security for the prompt, full and faithful performance by Tenant of each and every provision of this Lease and of all obligations of Tenant hereunder. No interest shall be paid to Tenant on the Collateral, and Landlord shall have the right to commingle the Collateral with Landlord’s other funds. If Tenant fails to perform any of its obligations hereunder, Landlord may use, apply or retain the whole or any part of the Collateral for the payment of (a) any rent or other sums of money which Tenant may not have paid when due, (b) any sum expended by Landlord on Tenant’s behalf in accordance with the provisions of this Lease, and/or (c) any sum which Landlord may expend or be required to expend by reason of Tenant’s default, including, without limitation, any damage or deficiency in or from the reletting of the Premises as provided in Paragraph 21. The use, application or retention of the Collateral, or any portion thereof, by Landlord shall not prevent Landlord from exercising any other right or remedy provided by this Lease or by law (it being intended that Landlord shall not first be required to proceed against the Collateral) and shall not operate as a limitation on any recovery to which Landlord may otherwise be entitled. If any portion of the Collateral is used, applied or retained by Landlord for the purposes set forth above, Txxxxx agrees, within ten days after the written demand therefor is made by Landlord, to deposit cash with the Landlord in an amount sufficient to restore the Collateral to its original amount. If Tenant shall fully and faithfully comply with all of the provisions of this Lease, the Collateral, or any balance thereof, shall be returned to Tenant without interest after the expiration of the Term or upon any later date after which Txxxxx has vacated the Premises. In the absence of evidence satisfactory to Landlord of any permitted assignment of the right to receive the Collateral, or of the remaining balance thereof, Landlord may return the same to the original Tenant, regardless of one or more assignments of Tenant’s interest in this Lease or the Collateral. In such event, upon the return of the Collateral, or the remaining balance thereof to the original Tenant, Landlord shall be completely relieved of liability under this Paragraph 24 or otherwise with respect to the Collateral. Tenant acknowledges that Lxxxxxxx has the right to transfer or mortgage its interest in the Land and the Building and in this Lease and Txxxxx agrees that in the event of any such transfer or mortgage, Landlord shall have the right to transfer or assign the Collateral to the transferee or mortgagee. Upon written acknowledgement of transferee’s or mortgagee’s receipt of such Collateral, Landlord shall thereby be released by Tenant from all liability or obligation for the return of such Collateral and Tenant shall look solely to such transferee or mortgagee for the return of the Collateral. The Collateral shall not be mortgaged, assigned or encumbered in any manner whatsoever by Tenant without the prior written consent of Landlord.

  • Interest on security deposits Where you have paid a security deposit, we must pay you interest on the security deposit at a rate and on terms required by the Rules.

  • Use of a security deposit (a) We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this contract:

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (000) 000-0000. This does not apply to transactions occurring outside the United States.

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