Common use of Damage/Security Deposit Clause in Contracts

Damage/Security Deposit. After review by SCC, (including a day after event check for additional damage) the $500.00 security/damage deposit will be refunded if the rental checkout list has been satisfied, there are no damages to the building and its grounds, and if Renter has used the facility for the time stated in the contract. Damages, cleaning/and/or additional time costs will be withheld from the security deposit. If damage to the Fairbanks Centre or property exceeds the amount of the security/damage deposit, Xxxxxx agrees to pay for, or replace, any object of SCC property that is destroyed, damaged, or stolen during the event. Such payment or replacement must be made immediately upon receipt of notification from SCC.

Damage/Security Deposit. After review by SCC, (including a day after event check for additional damage) the $500.00 security/damage deposit will be refunded if the rental checkout list has been satisfied, there are no damages to the building and its grounds, property and if Renter Xxxxxx has used the facility grounds only for the time stated in the contract. Damages, cleaning/, and/or additional time costs will be withheld from the security deposit. If damage to the Fairbanks Centre or property exceeds the amount of the security/damage deposit, Xxxxxx agrees to pay for, or replace, any object of SCC property that is destroyed, damaged, or stolen during the event. Such payment or replacement must be made immediately upon receipt of notification from SCC. The SCC and its representatives assume no responsibility for any loss of property.

Damage/Security Deposit. After review by SCC, (including a day after event check for additional damage) the $500.00 security/damage deposit will be refunded if the rental checkout list has been satisfied, there are no damages to the building and its grounds, property and if Renter has used the facility grounds only for the time stated in the contract. Damages, cleaning/, and/or additional time costs will be withheld from the security deposit. If damage to the Fairbanks Centre or property exceeds the amount of the security/damage deposit, Xxxxxx agrees to pay for, or replace, any object of SCC property that is destroyed, damaged, or stolen during the event. Such payment or replacement must be made immediately upon receipt of notification from SCC. The SCC and its representatives assume no responsibility for any loss of property.