Common use of Required to Pay a Deposit Clause in Contracts

Required to Pay a Deposit. The Tenant is required to pay $ and shall be due and payable in advance of the Term or at the signing of this Agreement (“Security Deposit”). The Security Deposit shall be held in escrow by the Landlord in a separate bank account as security for the successful performance of the terms and conditions of this Agreement. The Security Deposit may not be used to pay the last month’s Rent unless written permission is granted by the Landlord.

Required to Pay a Deposit. The Tenant is required to pay $ $[AMOUNT] and shall be due and payable in advance of the Term or at the signing of this Agreement (“Security Deposit”). The Security Deposit shall be held in escrow by the Landlord in a separate bank account as security for the successful performance of the terms and conditions of this Agreement. The Security Deposit may not be used to pay the last month’s Rent unless written permission is granted by the Landlord.

Required to Pay a Deposit. The Tenant is required to pay $ $[AMOUNT] and shall be due and payable in advance of the Term or at the signing of this Agreement (“Security Deposit”). The Security Deposit shall be held in escrow by the Landlord in a separate bank account as security for the successful performance of the terms and conditions of this Agreement. The Security Deposit may not be used to pay the last month’s Rent unless written permission is granted by the Landlord.