Common use of Refundable Breakage and Security Deposit Clause in Contracts

Refundable Breakage and Security Deposit. 2.1 The Tenant hereby agrees to pay a refundable breakage and security deposit on arrival at the Premises. Accordingly, the Tenant undertakes and agrees to sign any documentation required by the Manager in order to freeze the breakage and security deposit. Upon the expiry or earlier termination of this agreement, the Manager shall be entitled to debit the Tenant's Credit Card with any amount owing by the Tenant to the Owner for any reason whatsoever, and thereafter refund any remaining funds frozen as security. All breakages will be charged at their replacement cost plus and additional charge to absorb administration costs. The Tenant hereby authorizes Total Stay to utilize their deposit funds where necessary to cover any breakages or damages to the Premises. 2.2 The Tenant may under no circumstances whatsoever set-off monies owing by him under the agreement against the breakage and security deposit. 2.3 Should the Tenant cancel the agreement at any time after the occupation date but prior to the termination date, the deposit shall be released to the Tenant within 21 (twenty one) days of such cancellation, less any deductions contemplated in terms of the above clauses.

Refundable Breakage and Security Deposit. 2.1 The Tenant hereby agrees to pay a refundable breakage and security deposit on arrival at the Premises. Accordingly, the Tenant undertakes and agrees to sign any documentation required by the Manager in order to freeze the breakage and security deposit. Upon the expiry or earlier termination of this agreement, the Manager shall be entitled to debit the Tenant's Credit Card with any amount owing by the Tenant to the Owner for any reason whatsoever, and thereafter refund any remaining funds frozen as security. All breakages will be charged at their replacement cost plus and additional charge to absorb administration costs. The Tenant hereby authorizes Total Stay XxxxXxXxxxXxxx.xxx to utilize their deposit funds where necessary to cover any breakages or damages to the Premises. 2.2 The Tenant may under no circumstances whatsoever set-off monies owing by him under the agreement against the breakage and security deposit. 2.3 Should the Tenant cancel the agreement at any time after the occupation date but prior to the termination date, the deposit shall be released to the Tenant within 21 (twenty one) days of such cancellation, less any deductions contemplated in terms of the above clauses.

Refundable Breakage and Security Deposit. 2.1 The Tenant hereby agrees to pay a refundable breakage and security deposit on arrival at the Premises. Accordingly, the Tenant undertakes and agrees to sign any documentation required by the Manager in order to freeze the breakage and security deposit. Upon the expiry or earlier termination of this agreement, the Manager shall be entitled to debit the Tenant's Credit Card with any amount owing by the Tenant to the Owner for any reason whatsoever, and thereafter refund any remaining funds frozen as security. All breakages will be charged at their replacement cost plus and additional charge to absorb administration costs. The Tenant hereby authorizes Total Stay to Stayto utilize their deposit funds where necessary to cover any breakages or damages to the Premises. 2.2 The Tenant may under no circumstances whatsoever set-off monies owing by him under the agreement against the breakage and security deposit. 2.3 Should the Tenant cancel the agreement at any time after the occupation date but prior to the termination date, the deposit shall be released to the Tenant within 21 (twenty one) days of such cancellation, less any deductions contemplated in terms of the above clauses.