Rent deposits. If there is a relevant assured shorthold tenancy in relation to the Property, the Seller and the Buyer must comply with their respective legal duties in relation to tenancy deposit protection. The parties must demonstrate to each other in writing that they have complied, if requested. If the Seller holds a deposit, the Seller must assign it to the Buyer or, if this is not possible, hold it on trust for the Buyer from the completion date.
Rent deposits. 13.1. This condition 13 applies where the seller is holding or otherwise entitled to money by way of rent deposit in respect of a tenancy. In this condition 13 ”rent deposit deed” means the deed or other document under which the rent deposit is held.
Rent deposits. Rent security deposit, advance rents and interest on these accounts, if applicable, shall be transferred at no cost to the Buyer at closing.
Rent deposits. The Landlord and the Tenant confirm that the Rent Deposit will continue to be held in accordance with the terms of the Rent Deposit Deed.
Rent deposits. 5.1 For the purposes of this paragraph 5 the following terms shall have the following meanings:
Rent deposits. Borrower covenants and agrees that upon the occurrence of an Event of Default:
Rent deposits. If from time to time, any rent deposits are provided by any Tenant in respect of a Property:
Rent deposits. All money deposited with or held by the Vendor as security for payment of rent and other sums payable and for performance of covenants by the tenant under any of the Franchise Underleases (the “rent deposit”) shall be dealt with as follows:
Rent deposits. There are no rent deposits paid by the Tenants and held by or to the order of the Seller (or their agents) as Landlords,
Rent deposits. 17.1 No deductions withdrawals or repayments have been made from any of the money deposited pursuant to the terms of the Rent Deposit Deeds by the Company, the Seller or by any agent on their behalf.
