Common use of CAUTION MONEY Clause in Contracts

CAUTION MONEY. 4.1 The Student hereby authorises the College to deduct from the Caution Money: 4.1.1 any rents (and interest thereon) due under this Agreement and not paid by the due date; 4.1.2 any late payment fee as referred to in clause 3.2 above; 4.1.3 the cost of repairing any damage to the Room caused during the Tenancy Period; 4.1.4 the cost of repairing any unattributable damage to the Common Areas relating to the room caused during the Tenancy Period; 4.1.5 the cost of replacing any item in the Room which is beyond reasonable repair; and 4.1.6 any expenses or costs incurred by the College in consequence of any failure by the Student to observe and perform the obligations and conditions of the Student in this Agreement as detailed in clauses 6.1.2 (f) and 6.1.13 and in the Damages Charges Sheet on the College’s website.