Maintenance Deposit Clause Samples
A Maintenance Deposit clause requires one party, typically a tenant or lessee, to provide a sum of money upfront to cover the costs of maintaining the property or equipment during the term of the agreement. This deposit is usually held by the landlord or lessor and may be used to pay for repairs, routine upkeep, or to remedy any damage beyond normal wear and tear. The clause ensures that funds are readily available for necessary maintenance, thereby protecting the property’s condition and reducing disputes over responsibility for repair costs.
Maintenance Deposit. Rs.12/-per sq. ft of Super Built up Area.
Maintenance Deposit. Interest free deposit on account of Maintenance Charge (Maintenance Deposit) calculated @ Rs.35/- (Rupees thirty five) per square feet of built-up area of the Said Flat.
Maintenance Deposit. To secure timely payment of the Maintenance Charges, the Purchasers have deposited with the Vendor the interest free Security Deposit amount mentioned in Schedule-H. Upon formation of the Association, the Vendor shall hand over the Security Deposit to the Association. The amount of the Security Deposit may be enhanced from time to time by the Association and as and when the same is enhanced, the Purchasers shall replenish the enhanced amount.
Maintenance Deposit. Interest free deposit on account of Maintenance Charge (Maintenance Deposit) calculated @ Rs.35/- (Rupees thirty five only) plus Goods and Service Tax per square feet of built-up area of the Said Apartment. All That the pieces and parcels of land together aggregating about 884.442 Decimals (equivalent to about 535.994 cottahs) be the same a little more or less comprised in Dag Nos. 489, 490, 491, 492, 549, 550, 551, 552, 553, 555 and 561 under Khatian Nos. 1186, 1187, 1188, 1190, 1194, 1198, 1208, 1209, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2152 and others, in Mouza Mahishbathan under ▇. ▇. ▇▇. 18 and in Dag Nos. 852 and 918 under Khatian Nos. 383, 401, 402, 403, 405, 406, 461, 462, 463, 613, 654, 681, 687, 699, 700, 701,702, 703, 799, 800, 802, 803, 804, 816, 817, 818, 819, 801, 1649, 1650, 1651, 1654, 1655, 1657, and others , in ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ under ▇. L No. 19, both within jurisdiction of P. S. Salt Lake Electronics Complex (previously Bidhannagar East), within ▇▇▇▇ No. 28 of Bidhannagar Municipal Corporation and now allotted Provisional Holding no. 001 by Bidhannagar Municipal Corporation, District North 24-Parganas, Pin – 700 102 together with the new buildings being constructed thereon comprising of apartments, car parking spaces and other saleable areas, delineated on the Plan A annexed hereto and bordered in colour Red thereon. 550, 551, 552, 553, 555 and 561 in Mouza Mahishbathan under ▇. ▇. ▇▇. 18 and in Dag Nos. 852 and 918 in Mouza Thakdari under ▇. L No. 19, both within jurisdiction of P. S. Salt Lake Electronics Complex (previously Bidhannagar East), within ▇▇▇▇ No. 28 of Bidhannagar Municipal Corporation and now allotted Provisional Holding no. 28 by Bidhannagar Municipal Corporation, District North 24-Parganas, Pin – 700102 Exult Apartments Pvt. Ltd. 490 7.00 11.550 02-02-2008 03013/2008 DSR-II Exult Infrastructure Pvt. Ltd. 852 7.00 11.550 02-02-2008 03022/2008 DSR-II Exult Shelters Pvt. Ltd. 490 6.47 10.672 02-02-2008 03011/2008 DSR-II ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ 489 7.00 11.550 02-02-2008 03007/2008 DSR-II ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ 489 7.00 11.550 02-02-2008 03288/2008 DSR-II Exult Real Estates & Developers Pvt. Ltd. 490 7.00 11.550 02-02-2008 03014/2008 DSR-II Exult Constructions Pvt. Ltd. 490 7.00 11.550 02-02-2008 03287/2008 DSR-II Exult Residency Pvt. Ltd. 852 7.00 11.550 02-02-2008 03030/2008 DSR-II ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ 489 7.00 11.550 02-02-2008 03029/2008 DSR-II DivyaHimatsingka 491 7.000 11.550 02-02-2008 03028/2008...
Maintenance Deposit. Concurrently with the acceptance of this Agreement, ▇▇▇▇▇▇▇▇▇ has posted and filed with City a cash deposit in the amount of and No/100 dollars ($XXXX.00) to guarantee that all areas to be improved within public streets and public rights-of-way, as required by the approved improvements plans, are properly maintained, repaired, replaced, restored and rebuilt including all concrete work, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ lighting system, storm drain system, sanitary sewer system, water main system and proper clean up and sweeping of all debris, buildings, equipment and other items. In the event Developer fails, neglects, or refuses to maintain said areas, City is hereby authorized to expend all or any portion of said deposit during construction and during the one year maintenance period to accomplish the above for a clean and safe project site.
Maintenance Deposit. An amount equivalent to Rs. 24/- per square feet of the Super Built up Area shall be payable towards interest free maintenance deposit being maintenance charges for 12 months at the rate of Rs 2/- per square feet per month.
Maintenance Deposit. At or before entering into this agreement it has been expressly communicated to the Buyer that the said Building is to be kept and retained as a decent residential building in Siliguri and as such to avoid any controversy in future and also for ensuring that proper maintenance and up-keep of the said Building continues it has been agreed that the Buyer shall keep in deposit a sum not to exceed Rs 25,000/- (Rupees Twenty Five Thousand only) as may be agreed or determined by the Seller in its absolute discretion towards Maintenance Deposit which shall be held free of interest by the Seller and upon the formation of the Society/ Association/ Holding Organization/Syndicate (HOLDING ORGANIZATION) make over to the Holding Organization which shall be entitled to invest the same in such securities and in such manner as the Holding Organization may think fit and apply the income for the purpose of meeting the expenses which may be necessary or required for the purpose of repairs maintenance security and upkeep of the building and such deposit towards such maintenance deposit shall not absolve the Buyer of his/her/its obligation for the payment or contribution for periodical maintenance and other charges. In case of non- payment of periodical maintenance, the Seller shall be entitled to in its complete discretion to adjust the same along with interest from the Maintenance Deposit before making over to the Holding Organization.
Maintenance Deposit. A $150 maintenance deposit is required to cover any damages, loss of equipment or improper cleanup. The deposit shall be paid by credit card and shall authorize the Village to charge the card for all costs which exceed the posted security deposit. If the park or pavilion is left in an unsatisfactory condition, a charge of $50.00 per hour per maintenance personnel for the time it takes to restore the park to its original condition will be deducted from the maintenance deposit and the remaining balance, if any, will be returned to the permit holder. Renter may be responsible for additional costs not covered by the maintenance deposit. If any staples, nails, etc. are found to be used in the pavilion, visitor center, or on the piers, the full deposit will be held. Any group leaving the park in an unsatisfactory condition will be unable to rent the park in the future. Any damage to the park pavilion, visitor center, piers or grounds is the sole responsibility of the Applicant to the extent caused by the acts or omissions of the Applicant or their attendees.
Maintenance Deposit. The Allottee shall pay Rs. /- towards Maintenance Deposit and the same shall be refundable in nature subject to the same not being adjusted from the defaulted payment of CAM Charges. The Promoter shall transfer the maintenance deposit as advanced by the Allottees to the Association of Allottees as and when the same is formed subject to clause…...
Maintenance Deposit. Concurrently with the acceptance of this Agreement, Subdivider has posted and filed with City a cash deposit in the amount of and No/100 dollars ($XXXX.00) to guarantee that all areas to be improved within public streets and public rights-of-way, as required by the approved improvements plans, are properly maintained, repaired, replaced, restored and rebuilt including all concrete work, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ lighting system, storm drain system, sanitary sewer system, water main system and proper clean up and sweeping of all debris, buildings, equipment and other items. In the event Subdivider fails, neglects, or refuses to maintain said areas, City is hereby authorized to expend all or any portion of said deposit during construction and during the one year maintenance period to accomplish the above for a clean and safe project site.