Common use of MONTH'S RENT Clause in Contracts

MONTH'S RENT. In the event that the Rent is increased in accordance with this Agreement, the Tenant shall on written demand by the Landlord forthwith further deposit with the Landlord a cash sum corresponding to the increase, or furnish a banker’s guarantee or insurance performance bond for the amount corresponding to the increase, so that the security deposit provided by the Tenant shall at all times be equivalent to three (3) months’ of the increased Rent.

Appears in 4 contracts

Samples: Tenancy Agreement, Tenancy Agreement, Tenancy Agreement

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