Damage and Security Deposit Sample Clauses

Damage and Security Deposit. On execution of this Lease, Lessee shall deposit the sum of $750.00 with the Lessor and such sum shall be returned to Lessee within 5 business days after the end of the term of this Lease if Lessee faithfully performs the covenants and conditions of this Lease and returns said premises to Lessor in the same condition as when leased, normal wear and tear excepted. Said sum shall be retained by Lessor as partial damages to Lessee does not faithfully perform the covenants and conditions of this Lease or if Lessee fails to return the premises in the same condition as when receiving them, normal wear and tear excepted. Within said 5 working days, Lessor shall give Lessee written notice of all damages to the premises or other claim for failure to leave the premises in the same condition as when receiving the premises. Said notice shall also provide Lessee of Lessor’s best estimate of the costs of repair or clean up. Such forfeiture shall not be construed as payment in full of any claims the Lessor may have against the Lessee as a result of Lessee not fulfilling the covenants and conditions of this Lease, but only as a partial payment of any damages, cleaning costs or rent payments due that the Lessor may be entitled to as a result of the Lessee not fulfilling the terms and conditions of this Lease or damage done to the property by the Lessee. The Lessor shall not be obligated to pay Lessee any interest on this deposit but only obligated to return the appropriate amount of the deposit then due the Lessee. A breach of any of the covenants contained herein by the Lessee shall, at the option of the Lessor, be determined a complete breach of this Lease. It is agreed between the parties that the Lessor is entitled to select from the Lessee all damages caused Lessor as a result of the breach of any of the conditions of this Lease and that reasonable attorney's fees necessary to enforce Lessor's rights, pursuant to this Lease, shall be determined to be a damage sustained by the Lessor. Cancellation Fee Lessee shall be obligated to Lessor in the sum of $50.00 as a cancellation fee if event cancellation notice is received by Lessor within seven (7) business days of the scheduled event.
Sample 1
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Damage and Security Deposit. Site Coordinator and Licensee shall tour premises to ascertain Site condition at the commencement of Licensee’s use of Site and immediately following Licensee’s use of Site. Licensee agrees that CAI may subtract the cost of damages to property caused by Licensee’s use of the Site from the Damage and Security deposit. We must keep Camp Augusta in good condition for future guests. The damage deposit is due in cash. Of particular concern are the following points: 🞏 No staples, nails, screws, pins, tape, or anything of that nature may be used. Rope or tape is okay, providing no lasting marks are left. 🞏 The signs at the entrance may not have anything attached to them other than with rope, and no residual effect or damage may be evident. 🞏 Nothing may be attached to the trees, buildings, or structures other than with rope or non-damaging tape. 🞏 The kitchen must be maintained and cleaned according to guidelines in the kitchen (signs/laminated cards). 🞏 Please note that Camp Augusta equipment often gets taken by mistake, and such items will be charged against the deposit, or charged if more than that. 🞏 Cigarette buts and other trash found on the site at check out will forfeit the entire deposit. The group will have the immediate opportunity to rid the site of all such debris to retain the deposit. 🞏 Scratches to the lodge floor must be noted and additional scratches will incur at least a $250 to cover repairs since the wood is old, and very hard to remove scratches from. 🞏 No noise will be heard within 100 yards between the hours of 10pm-7am Failure to comply with the any of the first four points will result in total loss of the $2,000 deposit. These problems quickly degrade the Camp Augusta facilities, which cause excessive expense to CAI. Other damage, if any, will be assessed upon the walk through of the site. Unless noted in writing and signed by both parties, CAI's facilities and grounds are considered to be in good condition, without blemish and in good usable condition. In the event of any damage beyond the amount of the security deposit, Camp Augusta shall provide a written description of such damages, and Licensee shall reimburse Camp Augusta within ten days of receipt.
Sample 1
Damage and Security Deposit. Applicant shall pay a damage and security deposit in the amount of $500.00 no later than sixty (60) days prior to the scheduled event. This deposit will be refunded by Nature’s Connection Inc. within fourteen (14) days following the scheduled event as long as all of the following occur. The premises are returned in the same condition as existed prior to the event. The number of persons attending the event did not increase from the original agreement. All policies pertaining to this contract have been abided by. Any amount withheld from the deposit will be summarized in writing by Nature’s Connection Inc. and the balance refunded to Applicant. The premises includes: smoking area, tent, buildings, wedding suites, lawns, gravel, flowerbeds, ponds, parking area, and caterer’s area. Any increase in the number of persons attending the event which changes the rental rate will be deducted from the deposit at the rate of $2 per person. Any failure to abide by the alcohol, music or other policies on this contract may result in forfeit of Applicant’s Damage and Security Deposit.
Sample 1
Damage and Security Deposit. Damage deposits are fully refundable within 21days of departure, less the cost of any breakage, damage, missing items, or additional clean up due to your leaving the property excessively dirty. Any damage to the premises will first be deducted from the Security Deposit and after that is exhausted Guests shall be responsible for all additional damages, if any. In the event that Guest is responsible for any damage then Guests agree to be responsible for all such damages, and agrees that claims relating to such damage may be made in the state courts of Davidson County, Tennessee.
Sample 1
Damage and Security Deposit. The Resident agrees to pay the Landlord the security deposit and nonrefundable apartment prep fee as set forth in schedule A as a condition of giving possession to Resident. In no case is the Landlord obligated to apply this Deposit to rent or other charges in arrears. If damages caused by Resident exceed the amount on deposit, Resident agrees to pay such damages upon receipt of notice of damage and amount charged. The Landlord shall repay to the Resident, within thirty (30) days after vacating the premises, all or whatever part of the Damage and Security Deposit that may be remaining, if any, after reimbursement to the Landlord from this fund for any charges allowed by Law. The Security deposit will be deposited in a financial institution which shall be: Xxx Arbor Commerce Bank, 0000 X. Xxxxx Xx Xxx Xxxxx, XX 00000
Sample 1
Damage and Security Deposit. Not less than five (5) business days prior to your use, you must deliver a check in the amount of two hundred ($200.00) dollars, payable to Virginia Heights Baptist Church. This check will serve as a damage and security deposit. Following your use, if there is no damage to the church (over and above normal wear and tear), and the space you used was properly restored per the terms of this agreement, the check will be returned to you. Groups that use the facility on a regular basis may make a deposit to the church. The church will provide a receipt for the funds on deposit, and the deposit will be returned at the end of your use, assuming no claims have been made.
Sample 1
Damage and Security Deposit. Licensee may not make any permanent alterations or additions to the Venue. Any temporary alteration or addition, including temporary signage or decoration for the Event, must be approved by Licensor.
Sample 1
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Related to Damage and Security Deposit

  • SECURITY DEPOSIT Tenant has deposited with Landlord the Security Deposit in the amount set forth above for the performance of each and every covenant and agreement to be performed by Tenant under this Lease. Landlord shall have the right, but not the obligation, to apply the Security Deposit in whole or in part as payment of such amounts as are reasonably necessary to remedy Tenant's defaults in the payment of rent or in the performance of the covenants or agreements contained herein. Landlord's right to possession of the Property for non-payment of rent or any other reason shall not be affected by the fact that Landlord holds security. Tenant's liability is not limited to the amount of the Security Deposit. Landlord shall give Tenant written notice of the application of the Security Deposit or any part thereof within thirty (30) days of said application. If the application is on account of maintenance, repairs or replacements necessitated by tenant, said notice shall include the estimated or actual cost of the same, attaching estimates or paid receipts. Upon receipt of said notice, Tenant shall at once pay to Landlord an amount sufficient to restore the Security Deposit in full. Upon termination of this Lease, full payment of all amounts due and performance of all Tenant's covenants and agreements (including surrender of the Property in accordance with Paragraph 15), the Security Deposit or any portion thereof remaining unapplied shall be returned to Tenant in accordance with applicable law. In the event of a sale, lease, or other transfer of the Building, Landlord may transfer or assign said Security Deposit to Landlord's grantee, lessee or assignee. Provided said grantee, lessee or assignee by written undertaking addressed to Landlord assumes all Landlord's obligations hereunder, Tenant agrees to look to such grantee, lessee or assignee solely for the return of said Security Deposit. The provisions hereof shall apply to each and every sale, lease or other transfer of the Building. The Security Deposit shall not be deemed or construed as advance payment of rent for any month of the lease term.

  • 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.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • DAMAGE DEPOSIT Upon the due execution of this Agreement, Tenant shall deposit with Landlord the sum of DOLLARS ($ ) receipt of which is hereby acknowledged by Landlord, as security for any damage caused to the Premises during the term hereof. Such deposit shall be returned to Tenant, without interest, and less any set off for damages to the Premises upon the termination of this Agreement.

  • Damage and Destruction If all or any part of the Premises shall be damaged or destroyed by fire or other casualty, this Lease shall continue in full force and effect, unless terminated as hereinafter provided, and Landlord shall repair, restore or rebuild the Premises to the condition existing at the time of the occurrence of the loss; provided, however, Landlord shall not be obligated to commence such repair, restoration or rebuilding until insurance proceeds are received by Landlord, and Landlord’s obligation hereunder shall be limited to the proceeds actually received by Landlord under any insurance policy or policies, if any, less those amounts (i) which have been required to be applied towards the reduction of any indebtedness secured by a mortgage covering the Premises or any portion thereof, and (ii) which are used to reimburse Landlord for all costs and expenses, including but not limited to attorneys’ fees, incurred by Landlord to recover any such insurance proceeds. Tenant agrees to notify Landlord in writing not less than thirty (30) days prior, to the date Tenant opens for business in the Premises of the actual cost of all permanent leasehold improvements and betterments installed or to be installed by Tenant in the Premises (whether same have been paid for entirely or partially by Tenant), but exclusive of Tenant’s personal property, movable trade fixtures and inventory. Similar notifications shall be given to Landlord not less than thirty (30) days prior to the commencement of any proposed alterations, additions or improvements to the Premises. If Tenant fails to comply, with the foregoing provisions, any loss or damage Landlord shall sustain by reason thereof shall be borne by Tenant and shall be paid immediately by Tenant upon receipt of a xxxx therefore and evidence of such loss, and in addition to any other rights or remedies reserved by Landlord under this Lease, Landlord’s obligations under this Article to repair, replace and/or rebuild the Premises shall be deemed inapplicable, and in lieu thereof, Landlord may, at its election, either restore or require Tenant to restore the Premises to the condition which existed prior to such loss, and in either case Tenant shall pay the cost of such restoration. Tenant covenants and agrees to repair or replace Tenant’s fixtures, furniture, furnishings, floor coverings, equipment and stock in trade and reopen for business in the Premises within thirty (30) days after notice from Landlord that the Premises are ready for re-occupancy. No damage or destruction to the Premises shall allow Tenant to surrender possession of the Premises nor affect Tenant’s liability for the payment of rents or charges or any other covenant herein contained, except as may be specifically provided in this Lease. Notwithstanding anything to the contrary contained in this Section or elsewhere in this Lease, Landlord, at its option, may terminate this Lease by giving Tenant notice thereof within one hundred and eighty (180) days from the date of the casualty if:

  • REFUND OF SECURITY DEPOSIT MANAGEMENT agrees to refund the security deposit to RESIDENT upon satisfaction of all lease provisions, and all of the following conditions, or as otherwise required by applicable Virginia Law.

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