SECURITY DEPOSIT DEDUCTIONS Sample Clauses

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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. 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. 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. Prior to refund, deductions will be made from the Security Deposit for the following items (a) A cleaning charge of $50.00. The cleaning charge will be waived if the Salon Suite is returned in the same condition as noted in condition report on page one, less normal wear and tear; color on floors, furniture, counter, dryers, etc. (b) Owner's actual expenses for damages beyond normal wear and tear to the Salon Suite or its Contents (c) Damages resulting from xxxxxx's failure to give proper notice of termination (d) Any other unpaid sums due to Owner under the terms of this Lease, including, but not limited to, late charges, returned checks, NSF charges, administrative costs, charges for changes of locks because of lost keys.
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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. 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) removing and/or storing abandoned property, (e) removing abandoned or illegally parked vehicles, (f) agreed costs of reletting, (g) attorney’s fees and court costs incurred in any eviction proceeding against Tenant . 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.
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SECURITY DEPOSIT DEDUCTIONS. Property Address:
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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 (b) Owner's actual expenses for damages beyond normal wear and tear to the Salon Suite or its Contents (c)Damages resulting from Associate's failure to give proper notice of termination (d) Any other unpaid sums due to Owner under the terms of this Lease, including, but not limited to, late charges, returned checks, EFT not going through, charges for replacement of lost access cards, charges for changes of locks because of lost keys.
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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)

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Security Deposit Lessee shall deposit with Lessor upon execution hereof the Security Deposit set forth in Paragraph 1.7 as security for Lessee's faithful performance of Lessee's obligations under this Lease. If Lessee fails to pay Base Rent or other rent or charges due hereunder, or otherwise Defaults under this Lease (as defined in Paragraph 13.1), Lessor may use, apply or retain all or any portion of said Security Deposit for the payment of any amount due Lessor or to reimburse or compensate Lessor for any liability, cost, expense, loss or damage (including attorneys' fees) which Lessor may suffer or incur by reason thereof. If Lessor uses or applies all or any portion of said Security Deposit, Lessee shall within ten (10) days after written request therefor deposit moneys with Lessor sufficient to restore said Security Deposit to the full amount required by this Lease. Any time the Base Rent increases during the term of this Lease, Lessee shall, upon written request from Lessor, deposit additional moneys with Lessor sufficient to maintain the same ratio between the Security Deposit and the Base Rent as those amounts are specified in the Basic Provisions. Lessor shall not be required to keep all or any part of the Security Deposit separate from its general accounts. Lessor shall, at the expiration or earlier termination of the term hereof and after Lessee has vacated the Premises, return to Lessee (or, at Lessor's option, to the last assignee, if any, of Lessee's interest herein), that portion of the Security Deposit not used or applied by Lessor. Unless otherwise expressly agreed in writing by Lessor, no part of the Security Deposit shall be considered to be held in trust, to bear interest or other increment for its use, or to be prepayment for any moneys to be paid by Lessee under this Lease.

  • Additional Security Deposit No additional security deposit shall be required in connection with this Amendment.

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.