Common use of CLEANING AND SECURITY DEPOSIT Clause in Contracts

CLEANING AND SECURITY DEPOSIT. As a further consideration for the execution of this agreement by Owner, and in addition to the sums agreed to be paid herein, Tenant agrees to deposit with the Owner the sumof $ upon the execution of this agreement, as security for the faithful performance of Tenant's obligations hereunder and toclean the premises at the time Tenant vacates. The total despot shall not exceed two times the monthlyrent for unfurnished apartments nor three times the monthly rent for furnished apartments. The Owner shall not be required topay interest on the deposit. Owner may, at its option, claim such amounts of the deposit as are reasonably necessary in Owner's judgment to remedy Tenant's defaults in the payment of rent, any late charge or other charges due hereunder, to repair damages to the premises caused by the Tenant or any person on the premises through Tenanta, nd to clean the premises when Owner regains possession of the same, in the event that the deposit or any portion thereof shall be applied as herein provided. Tenant agrees, within ten (10) days after written demand from Owner, to deposit with Owner an amount sufficient to restore the deposit to its original amount, and failure to do so shallconstitute a breach of this agreement. if the deposit is insufficient for the purposes for which thedeposit is permitted to be used, Owner may proceed with the collection of any deficiencies from the Tenant. No portion of the deposit shall be deemed rent for any rental month unless so specified or unless Owner so elects, nor shall it constitute a measure of Owner's damages in the event of default. Owner shall have the right to commingle the deposit with other funds of the Owner. Within two weeks after Tenant vacates the premises, the deposit shall be returned (mailed)to Tenant less the amount necessary to compensate Owner for cleaning, and repair of damages over normal wear andtear, and for unpaid rent or other charges due hereunder. Within said two weeks, Owners shallmail Tenant an itemized statement (on the deposit refund check or otherwise) showing the total amount of the deposit and the deductions therefrom, if any.

CLEANING AND SECURITY DEPOSIT. As a further consideration for the execution of this agreement by Owner, and in addition to the sums agreed to be paid herein, Tenant agrees to deposit with the Owner the sumof $ 1,250.00 upon the execution of this agreement, as security for the faithful performance of Tenant's obligations hereunder and toclean the premises at the time Tenant vacates. The total despot shall not exceed two times the monthlyrent for unfurnished apartments nor three times the monthly rent for furnished apartments. The Owner shall not be required topay interest on the deposit. Owner may, at its option, claim such amounts of the deposit as are reasonably necessary in Owner's judgment to remedy Tenant's defaults in the payment of rent, any late charge or other charges due hereunder, to repair damages to the premises caused by the Tenant or any person on the premises through Tenanta, nd to clean the premises when Owner regains possession of the same, in the event that the deposit or any portion thereof shall be applied as herein provided. Tenant agrees, within ten (10) days after written demand from Owner, to deposit with Owner an amount sufficient to restore the deposit to its original amount, and failure to do so shallconstitute a breach of this agreement. if the deposit is insufficient for the purposes for which thedeposit is permitted to be used, Owner may proceed with the collection of any deficiencies from the Tenant. No portion of the deposit shall be deemed rent for any rental month unless so specified or unless Owner so elects, nor shall it constitute a measure of Owner's damages in the event of default. Owner shall have the right to commingle the deposit with other funds of the Owner. Within two weeks after Tenant vacates the premises, the deposit shall be returned (mailed)to Tenant less the amount necessary to compensate Owner for cleaning, and repair of damages over normal wear andtear, and for unpaid rent or other charges due hereunder. Within said two weeks, Owners shallmail Tenant an itemized statement (on the deposit refund check or otherwise) showing the total amount of the deposit and the deductions therefrom, if any.

CLEANING AND SECURITY DEPOSIT. As a further consideration for the execution of this agreement by Owner, and in addition to the sums agreed to be paid herein, Tenant Xxxxxx agrees to deposit with the Owner the sumof $ sum of $________________ upon the execution of this agreement, as security for the faithful performance of TenantXxxxxx's obligations hereunder and toclean to clean the premises at the time Tenant vacates. The total despot shall not exceed two times the monthlyrent monthly rent for unfurnished apartments nor three times the monthly rent for furnished apartments. The Owner shall not be required topay to pay interest on the deposit. Owner may, at its option, claim such amounts of the deposit as are reasonably necessary in Owner's judgment to remedy TenantXxxxxx's defaults in the payment of rent, any late charge or other charges due hereunder, to repair damages to the premises caused by the Tenant or any person on the premises through TenantaTenant, nd and to clean the premises when Owner regains possession of the same, in the event that the deposit or any portion thereof shall be applied as herein provided. Tenant agrees, within ten (10) days after written demand from Owner, to deposit with Owner an amount sufficient to restore the deposit to its original amount, and failure to do so shallconstitute shall constitute a breach of this agreement. if the deposit is insufficient for the purposes for which thedeposit the deposit is permitted to be used, Owner may proceed with the collection of any deficiencies from the Tenant. No portion of the deposit shall be deemed rent for any rental month unless so specified or unless Owner so elects, nor shall it constitute a measure of Owner's damages in the event of default. Owner shall have the right to commingle the deposit with other funds of the Owner. Within two weeks after Tenant vacates the premises, the deposit shall be returned (mailed)to mailed) to Tenant less the amount necessary to compensate Owner for cleaning, and repair of damages over normal wear andtearand tear, and for unpaid rent or other charges due hereunder. Within said two weeks, Owners shallmail shall mail Tenant an itemized statement (on the deposit refund check or otherwise) showing the total amount of the deposit and the deductions therefrom, if any.

CLEANING AND SECURITY DEPOSIT. As a further consideration for the execution of this agreement by Owner, and in addition to the sums agreed to be paid herein, Tenant Xxxxxx agrees to deposit with w ith the Owner Ow ner the sumof sum of $ upon the execution of this agreement, as security for the faithful performance of TenantXxxxxx's obligations hereunder and toclean to clean the premises at the time t ime Tenant vacates. The total despot shall not exceed two times tw o t xxxx the monthlyrent monthly rent for unfurnished apartments nor three times the monthly rent for furnished apartments. The Owner shall not be required topay to pay interest on the deposit. Owner may, at its option, claim such amounts of the deposit as are reasonably necessary in Owner's judgment to remedy TenantXxxxxx's defaults in the payment of rent, any late charge or other charges due hereunder, to repair damages to the premises caused by the Tenant or any person on the premises through TenantaTenant, nd and to clean the premises when Owner w hen Ow ner regains possession of the same, in the event that the deposit or any portion thereof shall be applied as herein provided. Tenant agrees, within ten (10) days after written demand from Owner, to deposit with Owner Ow ner an amount sufficient to restore the deposit to its original amount, and failure to do so shallconstitute shall constitute a breach of this agreement. if the deposit is insufficient for the purposes for which thedeposit w hich the deposit is permitted to be used, Owner may proceed with w ith the collection of any deficiencies from the Tenant. No portion of the deposit shall be deemed rent for any rental month unless so specified or unless Owner so elects, nor shall it constitute a measure of Owner's damages in the event of default. Owner Ow ner shall have the right to commingle the deposit with other funds of the Owner. Within two weeks tw o w eeks after Tenant vacates the premises, the deposit shall be returned (mailed)to mailed) to Tenant less the amount necessary to compensate Owner Ow ner for cleaning, and repair of damages over normal wear andtearw ear and tear, and for unpaid rent or other charges due hereunder. Within said two weekstw o w eeks, Owners shallmail Ow ners shall mail Tenant an itemized statement (on the deposit refund check or otherwiseotherw ise) showing show ing the total amount of the deposit and the deductions therefrom, if any.