SECURITY DEPOSIT RECEIPT Sample Clauses

SECURITY DEPOSIT RECEIPT. In accordance with State laws § 8–208(c)(3) and § 8-203, if the tenant is required to make a security deposit, the lease must include a written receipt for said deposit. Furthermore, the receipt must inform the tenant that they have the right to have the premises inspected by the landlord to make a written list of existing damages in the tenant's presence within fifteen (15) days of the date of occupation.
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SECURITY DEPOSIT RECEIPT. A signed security deposit receipt must be delivered to the tenant by the landlord unless the security deposit was paid in the form of a personal check, a bank check, or government-issued check, in accordance with § 540-A:6(I)(b).
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SECURITY DEPOSIT RECEIPT. In accordance with § 383.580(1), if the Tenant is required to make a security deposit, the landlord must keep the deposit funds in a bank account used solely for that purpose. Furthermore, the Landlord must disclose the account number where the deposit is being held to the tenant.
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SECURITY DEPOSIT RECEIPT. Date: 30 Apr, 2023 Dear Tenant,
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SECURITY DEPOSIT RECEIPT. This is to confirm that The Xxxxxxxx Company, Xxxxxxxx's Agent, this day, acknowledges receipt from the aforesaid tenant an additional security deposit in the amount of $ , which brings your total security deposit on the above stated apartment to $ . Said security deposit is being kept in… OFFICE USE ONLY □ account #00010310847, Compass Bank, 0000 Xxxxxx Xxxxxx, Xxxxxxxxx, XX 00000, entitled The Xxxxxxxx Company Security Deposit Escrow Account for Residential Tenants. □ account #00000-00000, Fleet Bank, 000 Xxxxxxx Xxxxxx, Xxxxxx, XX 00000, xxxxxxxx New England Realty Associates Security Deposit Account for Residential Tenants. You are entitled to interest at the rate of 5% per year, or such lesser amount of interest as has been received from the bank where the deposit has been held. TENANTS (Signature of all Current and New Tenants):       EXECUTED UNDER SEAL this day of , 20 . Landlord: By: J/propadm/forms2/SUBAGMT.DOC 01/06 Tenant Certification Form (THC COPY) Apt.Street Address Unit# Required Federal Lead Warning Statement Housing built before 1978 may contain lead-based paint. Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnant women. Before renting pre-1978 housing, lessors must disclose the presence of known lead-based paint and/or lead-based paint hazards in the dwelling. Lessees must also receive a federally approved pamphlet on lead poisoning prevention. The Massachusetts Tenant Lead Law Notification and Certification Form is for compliance with state and federal lead notification requirements. Owner’s Disclosure
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SECURITY DEPOSIT RECEIPT. It is obligated that any received payment to be held as security deposit be admitted a receipt as evidence of the compensation for deposit. The name and address of the financial branch to secure the funds must also be supplied in writing to the tenant (§ 59.18.270).Move-in Checklist – when signing the lease, the landlord will provide the tenant with a copy of a checklist for the property, documenting any defects to the structure. Upon agreement, the tenant can affirm the evaluation and endorse the log. Once the termination of the lease has commenced, the checklist will be compared to any damage during the leasing period to determine what deductions, if any, are to be subtracted from the security deposit (§ 19.18.260).Mold – Literature regarding the dangers of indoor mold must be present in the lease documents or posted on the property for the tenant to review. The information about unsafe molds must contain the education materials provided by the Department of Health(§ 59.18.060).Lead-Based Paint (42 U.S. Code § 4852d) – Homes that were constructed before 1978 require an additional federal disclosure should there be any chance for lead-composed paint on the property. The disclosed information will inform of the precautions to take with the substance and any health complications that could arise from xxxxxxxx.Xxxx Protection and Evacuation – Any properties deemed other than single-family occupancy will require additional written materials on fire safety and building evacuation specifications. The details should refer to information about fire alarm systems, sprinkler systems, smoking policy, as well as the evacuation and relocation plans for the building (§ 59.18.060).When is Rent Late?The lease agreement will provide the exact date of each month in which installments should be made. State regulations do not lay down a declared time period where clemency is granted for late payments, although the contract for the rental agreement may specify a time amount.Late FeesThe lease contract will list details involving the day payments are to be received by, and it may implement a grace period for late remittance. Should the monthly rental payment be later than the allowed grace period, the lessor can demand a late payment that can be between $20 and 20% of the monthly rent amount dependent on the lease. For a late fee to be enforceable, it must be stipulated within the language of the lease agreement (§ 19.150.150)NSF ChecksFor any rental installment made with a ch...
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Related to SECURITY DEPOSIT RECEIPT

  • Security Deposit Upon execution of this Lease, Tenant shall deposit with Landlord the amount of the Security Deposit specified on [Page One], of this Lease. The Security Deposit will be returned to Tenant without interest upon the expiration of the Term of the Lease, provided that Xxxxxx has paid all amounts due under this Lease and has otherwise performed all obligations hereunder. In the event that Tenant defaults under any provision of this Lease, and after the expiration of any applicable cure period, Landlord may apply all, or any part of the Security Deposit to amounts owed by Tenant. In the event Landlord elects to apply the Security Deposit as provided for above, Tenant shall promptly restore such Security Deposit to the original amount. Landlord may, at its discretion, commingle such funds with its other funds, Upon any sale or other conveyance of the Building, Landlord may transfer the Security Deposit (or any amount of the Security Deposit remaining) to a successor/owner, and Xxxxxx agrees to look solely at the successor/owner for repayment of the same. Notwithstanding anything to the contrary in the paragraph above, in lieu of a cash Security Deposit, Tenant may deliver the Security Deposit in the form of an unconditional, clean, irrevocable standby letter of credit, in a form acceptable to Landlord, and issued by a bank reasonably acceptable to Landlord (the “Letter of Credit”) as security, provided the Letter of Credit shall be delivered to Landlord with executed copies of this Lease. The Letter of Credit shall (i) be unconditional, irrevocable, transferable, payable to Tenant upon presentment of original to the issuer in person or by courier, in partial or full draws, and (ii) contain an “evergreen” provision which provides that it is automatically renewed on an annual basis (subject to the permitted date of termination set forth below) unless the issuer delivers thirty (30) days’ prior written notice of cancellation to Landlord and Tenant. Without limiting any of Landlord’s rights or remedies hereunder, if the bank issuing the Letter of Credit provides Landlord with a cancellation notice, Landlord may immediately draw upon all or any part of the Letter of Credit and Tenant shall provide Landlord with an additional irrevocable stand-by letter of credit as provided below. Any and all fees or costs charged by the issuer in connection with the Letter of Credit shall be paid by Xxxxxx. The irrevocable stand-by Letter of Credit shall remain effective through the date that is sixty (60) days following the expiration date this Lease. If Tenant defaults with respect to any provision of this Lease beyond applicable notice and cure periods, including but not limited to the provisions relating to the payment of Rent, Landlord may draw upon all or any part of Tenant’s Letter of Credit. If any portion of the Security Deposit is so used, applied, or retained, Tenant will within ten (10) days after written demand from Landlord, provide to Landlord an additional irrevocable, stand-by letter of credit, which shall be in form and substance satisfactory to Landlord, issued by a bank reasonably acceptable to Landlord, in an amount sufficient to restore the Security Deposit to its required amount pursuant to this Section 8. Tenant’s failure to replenish the Security Deposit shall constitute a failure to pay Additional Rent and Tenant shall have ten (10) days from the date of notice to cure such default.

  • 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 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 Letter of Credit As a condition of this Lease, in lieu of a third-party guaranty, Tenant shall, with delivery of the Lease executed by Tenant, deliver to Landlord an unconditional and irrevocable letter of credit, in a form approved by Landlord, from a commercial banking institution which is a member of FDIC with assets of more than $250,000,000.00, approved by Landlord, in the amount of $100,000.00 (“Letter of Credit”) to be held by Landlord as security for the performance by Tenant of all the covenants and obligations of Tenant set forth in this Lease. Tenant shall submit its proposed form of Letter of Credit prior to execution of the Lease for Landlord’s review and approval. Tenant acknowledges and agrees that it shall keep the Letter of Credit in full force and effect throughout the Term of this Lease (and any extension or renewal thereof) and for thirty (30) days following the end thereof. In the event the term of the Letter of Credit must be renewed annually, then not less than thirty (30) days prior to any expiration date of the Letter of Credit (“Renewal Deadline”), Tenant shall provide Landlord with a replacement Letter of Credit or extension amendment. Said Letter of Credit shall contain terms whereby it can be drawn on by Landlord at sight on any date during its term on which issuer shall receive from Landlord a certification signed by Landlord stating that an Event of Default has occurred by Tenant under this Lease or that Tenant has failed to provide a replacement Letter of Credit, as required under the Lease. Tenant acknowledges that the Landlord is the beneficiary of the Letter of Credit and the proceeds thereof are not the property of the Tenant. Landlord shall have the right, but not the obligation, to apply the proceeds against any or all amounts then due and owing by Tenant hereunder and/or against sums expended by Landlord, including attorneys fees. Such actions by Landlord do not negate Tenant’s obligations to pay Rental thereafter. Any balance left of the sum received from drawing on the Letter of Credit, after the curing of defaults and/or the payment of amounts due by Tenant, shall be held by Landlord, as beneficiary, until the earlier of the replacement of the Letter of Credit, as required below, or thirty (30) days following the end of the Term of this Lease (and any extension or renewal thereof). The original Letter of Credit or any portion of the proceeds which are not utilized by Landlord for any purpose permitted under this Lease shall be returned to the issuing banking institution within thirty (30) days after the end of the Term provided Tenant has performed all of the remaining obligations imposed upon Tenant pursuant to this Lease. In the event Landlord shall draw on any Letter of Credit provided by Tenant, Tenant shall replace same no later than thirty (30) days after the date of such drawing and, if same is not replaced, such failure shall constitute an additional Event of Default under the terms of this Lease and Landlord shall have the benefit of all remedies permitted pursuant to the terms of this Lease and the laws of the State where the Premises are located.

  • Tenant Security Deposits All unapplied tenant security deposits (and interest thereon if required by law or contract to be earned thereon) under the Leases, shall be credited to Buyer at Closing.

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

  • BASE RENT AND SECURITY DEPOSIT (a) Tenant agrees to pay during each month of the Lease Term as Base Rent (“Base Rent”) for the Premises the sums shown for such periods in Item 5 of the Basic Lease Provisions.

  • Rent and Security Deposit (if applicable). Renter will pay the Town a rental fee of $ at the signing of this Rental Agreement. Renter will also pay the Town a security deposit of $ at the signing of this Rental Agreement.

  • Lease Deposit Upon the execution hereof, Lessor shall loan Lessee an amount equal to twenty-five percent (25%) of the first full year's Base Rent (the "Lease Deposit"). The Lease Deposit shall be held by Lessor as security for the performance by Lessee of Lessee's covenants and obligations under the Lease. The Lease Deposit shall not be considered an advance payment of rental or a measure of Lessor's damages in case of default by Lessee. Lessor may, from time to time, without prejudice to any other remedy, use the proceeds thereof to make good any arrearages of Rent, to satisfy any other covenant or obligation of Lessee hereunder or to compensate Lessor for any other loss or damage which Lessor may suffer by reason of any default by Lessee. Following any such use of the Lease Deposit by the Lessor, Lessee shall deliver to Lessor on demand an amount sufficient to restore the aggregate amount held by Lessor, not including any interest earned on the Lease Deposit, to the amount of the original Lease Deposit. If Lessee is not in default at the termination of the Lease, and has complied with all of the provisions of this Lease to be performed by Lessee, including surrender of the Leased Property in accordance with the provisions hereof and has repaid the loan of the Lease Deposit, the Lease Deposit, not including any interest earned on such Lease Deposit, shall be returned by Lessor to Lessee, subject to any draws which have previously been made by Lessor against the Lease Deposit and not replenished by the Lessee. Lessee will not assign or encumber Lessee's interest in the Lease Deposit, and neither Lessor nor Lessor's successors or assigns will be bound by any such attempted assignment or encumbrance of the Lease Deposit. Any interest earned on the Lease Deposit will be for the sole benefit of the Lessor and shall not in any way reduce any amounts owed by Lessee under the terms hereof.

  • 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.

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