Security Deposit Requirement Sample Clauses

Security Deposit Requirement. If the Landlord will require that a security deposit be submitted by each Roommate or by the Roommates as a whole then place a mark in the “Is Required” checkbox. Engaging this requirement means that some further definition concerning its amount must be presented next. (27)
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Security Deposit Requirement. The amount of money the Sublessor requires as a security deposit should be defined. This sum will be held while this sublease is active as insurance that any damages incurred by the Sublessee can be paid (using the deposited security). Present the required security deposit amount. (11)
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Security Deposit Requirement. If the landlord requires a security deposit from each roommate or from all roommates, check the Required box. The inclusion of this requirement means that an additional definition regarding its level must next be provided. (27)
Sample 1
Security Deposit Requirement. Landlord shall have the right to require Tenant to deliver a security deposit (the "SECURITY DEPOSIT") equal to nine (9) months of Rent payable under this Lease (based upon the rentals payable for the next succeeding Lease Year) if at any time: (a) Tenant's CCE decrease below the applicable Required CCE Floor Amount, and (b) the value of Tenant's net current assets (determined in accordance with GAAP) decreases below the Required NCA Amount. Tenant shall deliver the required Security Deposit within thirty (30) days following Landlord's written request. Tenant shall maintain the full amount of such Security Deposit during the balance of the Term and any subsequent periods required hereby. The Security Deposit shall secure the faithful performance of all terms, covenants and conditions of this Lease. Tenant's Security Deposit shall be in the form of a cash payment (a "CASH PAYMENT") or a "LETTER OF CREDIT" (as defined below).
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Security Deposit Requirement. The market rent can be determined by taking into consideration what others are paying in the area via Craigslist, Xxxxxxxxxx.xxx, and Zillow. This signature only displays consent. XX. Craigslist (sublets / temporary) – Flat fee ($) per post. The two-digit calendar day of the month when the Sublessor must be in receipt of the Sublessee’s rent payment should be established in this agreement. III. Document when this sublease must expire requiring either a new agreement or requiring the Sublessee to move out. (11) Deposit Return Deadline. Unlawful subletting includes if you: need your landlord's permission before subletting all or part of your home but don't get it; aren't allowed to sublet all or part of your home but you do so anyway. In these circumstances, you'll probably have broken a term in your tenancy agreement and on that basis, your landlord can take action to evict you. For periodic tenancies, if your tenancy agreement says nothing about subletting, you cannot sublet without your landlord's permission and they can refuse for any reason. For fixed term tenancies, if your tenancy agreement says nothing about subletting, it is possible to sublet and your landlord's consent is not required. 07.05.2017 · Subletting and Assigning. Another most important aspect that is discussed in the lease agreement is the assigning and subletting. This is the act of renting the rental property to a sub-tenant. This is a very important thing that needs to be carefully discussed between the tenant and the landlord so that there are no problems later. Commercial Tenancy Agreement Information. A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations. 30.11.2021 · How do you declare your rental income? You must declare your rental income on your annual tax return. If your net rental income is less than €5,000, use myAccount to declare it through your Income Tax Return. You can do this by following these steps. HOW TO CUSTOMISE THE TEMPLATE. Use the form on the left to fill in the template. The document is written according to your responses - clauses are added or removed, paragraphs are customised, words are changed, etc.. At the end, you will immediately receive the document in Word and PDF formats. You can then open the Word document to modify it and reuse it … A landlord is the owner of a house, ...
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Security Deposit Requirement. Note: Your initial answers are saved automatically when you preview your document.This screen can be used to save additional copies of your answers. Produce this definition by selecting one of the checkbox definitions presented. Term (5) Tenancy Start Date. By State Standard Version Download: Adobe PDF, MS Word, OpenDocument College / University Version Download: Adobe PDF What is a Sublease? If the sub-tenant damages the property, the landlord can claim against the head tenant. A tenant can apply to the South Australian Civil and Administrative Tribunal to get permission if they feel the landlord is refusing without good reason.A landlord cannot:add conditions to the lease agreement that limit or deny the right to sublet, or assignask for any money to consider the request other than reasonable costs associated with the change, such as land agent feesincrease the rent because the tenant has sublet. This lease should be set to naturally expire upon a date that is prior to the termination date held between the Sublessor and Property Owner. Original Lease – A copy of the original or master lease between the sublessor and the landlord. Once the sublease has been supplied with the requested definitions and both parties have agreed to enter this agreement, the Sublessor will need to sign his or her name. IV. Especially if the property has been priced below-market in order to get the property rented as quickly as possible. This lease can set the return date for the security deposit to the maximum number of days the state allows or to a date that is prior to that. Fee depends on location. If the original lease (held between the Sublessor and the Property Owner or Property Landlord) has been attached for a review then, both the Sublessor and Sublessee should supply their initials to solidify that it has been presented with this sublease to all signature parties. The term of a sublease cannot go beyond the end date of the original lease. Entire Agreement (18)
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Sample 1
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Related to Security Deposit Requirement

  • 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 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.

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

  • 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.

  • Transfer of Security Deposit If any Security Deposit or prepaid Rent has been paid by Tenant, Landlord may transfer the Security Deposit or prepaid Rent to Landlord's successor and upon such transfer, Landlord shall be released from any liability for return of the Security Deposit or prepaid Rent.

  • 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.

  • 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.

  • Return of Security Deposit (a) We must return your security deposit and any accrued interest in the following circumstances:

  • 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.

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