Common use of Refund of Security Deposit Clause in Contracts

Refund of Security Deposit. Unless otherwise expressly provided herein or agreed by the parties, Tenant must give Landlord at least 30 days written notice of surrender before Landlord is obligated to refund or account for the Security Deposit. The Security Deposit will be accounted for and refunded (if any refund is due) to the name of Tenant as it appears on this Lease. If “Tenant” is more than one, then all such persons will be named as payees.