RESIDENCE DEPOSIT Sample Clauses

The Residence Deposit clause establishes the requirement for a tenant or resident to pay a specified sum of money as a deposit before occupying a property. Typically, this deposit is held by the landlord or property manager as security against potential damages, unpaid rent, or breaches of the lease agreement. For example, the deposit may be used to cover repairs beyond normal wear and tear or to settle outstanding utility bills at the end of the tenancy. The core function of this clause is to protect the landlord’s financial interests and ensure the tenant has a financial incentive to comply with the terms of the lease.
POPULAR SAMPLE Copied 1 times
RESIDENCE DEPOSIT. Upon reservation of a space, the Resident must pay the required Residence Deposit as specified in the Room Offer Letter in order to reserve the Premises. Failure to pay the required fees by the date specified in the Room Offer Letter will result in the cancellation of the room assignment and the residence application.
View SourceView Similar (12)
RESIDENCE DEPOSIT. The Residence Deposit is held by the Landlord as a reservation fee prior to move-in. For cancellation policies on the Residence Deposit, visit ▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇. Excluding specific circumstances outlined in the cancellation policy, the Residence Deposit is non-refundable. The Residence Deposit will be converted to a credit on the Tenant’s University account in Bear Tracks and will be applied to residence charges, including Rent, in accordance with University policy and procedure.
View SourceView Similar (26)
RESIDENCE DEPOSIT. The Tenant’s Residence Deposit is to be held with the Landlord as a reservation fee prior to move-in. (For cancellation policies on the Residence Deposit, visit ▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇). At the end of the Term, or upon early termination of this Lease Agreement the Residence Deposit shall be returned to the Tenant by the Landlord after application of the Residence Deposit toward payment of the cost of cleaning the Premises, the cost of repairing damage which occurred to the Premises during the Term of this Lease Agreement, and/or toward payment of outstanding Rent.
View SourceView Similar (11)
RESIDENCE DEPOSIT. The Residence Deposit is held by the Landlord as a reservation fee prior to move-in. For cancellation policies on the Residence Deposit, visit ▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇. Excluding specific circumstances outlined in the cancellation policy, the Residence Deposit is non-refundable.The Residence Deposit will be converted to a credit on the Resident's University account in Bear Tracks and will be applied to residence charges, including Rent, in accordance with University policy and procedure. Residents who paid the Residence Deposit for the 2020-2021 academic year, but opted to delay their arrival until Fall 2021, are not required to pay a further Residence Deposit for the Term. A $500 charge was applied against their 2020-2021 Residence Deposit to maintain application priority for future terms and provide access to Expedition:Connect, the virtual residence program.
View SourceView Similar (3)
RESIDENCE DEPOSIT. As part of the application process, a deposit fee of $475 is due for new residents. No deposit is required for returning residents. Upon room assignment, the deposit will be credited towards the first installment for the Residence Fees. This deposit is non-refundable except for the following circumstances: a. A Room assignment is not received by the start of the term and the Resident requests to be removed from the waitlist no later than the first day of the residence term b. Academic offer of admission has been rescinded by the university
View SourceView Similar (2)
RESIDENCE DEPOSIT. The Residence Deposit is to be held with the Landlord as a reservation fee prior to move-in. Please review the Spring and Summer Residence Cancellation Policy for more information. At the end of the Term, or upon early termination of this Residence Agreement, the Residence Deposit shall be returned to the Resident by the Landlord after application of the Residence Deposit toward payment of the cost of cleaning the Premises, the cost of repairing damage which occurred to the Premises during the Term of this Residence Agreement, and/or toward payment of outstanding Rent.
View Source
RESIDENCE DEPOSIT. Upo⭲ ícscí:atio⭲ or a spacc, tkc ľc⭲a⭲t m"st paQ tkc ícq"iícd Rcsidc⭲cc Kcposit as spccificd i⭲ tkc Room Orrcí Ḻcttcí i⭲ oídcí to ícscí:c tkc Pícmiscs. Iail"íc to paQ tkc ícq"iícd rccs bQ tkc datc spccificd i⭲ tkc Room Orrcí Ḻcttcí will ícs"lt i⭲ tkc ca⭲ccllatio⭲ or tkc íoom assig⭲mc⭲t a⭲d tkc ícsidc⭲cc applicatio⭲.
View Source
RESIDENCE DEPOSIT. Upon reservation of a space, the Tenant must pay the required Residence Deposit and contract fees as specified in the Confirmation Letter in order to reserve the Premises. Failure to pay the required fees by the date specified in the Confirmation Letter will result in the cancellation of the unit assignment and the residence application.
View Source
RESIDENCE DEPOSIT. Upon reservation of a space, the Tenant must pay the required Residence Deposit and contract fees as specified in the Confirmation Letter in order to reserve the Premises. Failure to pay the required fees by the date specified in the Confirmation Letter will result in the cancellation of the unit assignment and the residence application.
View Source

Related to RESIDENCE DEPOSIT

  • Purchase Price; Deposit (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows: (i) TEN PERCENT (10%) of the Purchase Price (which is equal to $ ) (the “Initial Deposit”, and together with the Additional Deposit (as hereinafter defined), if any and to the extent delivered by Purchaser, collectively, the “Deposit”) shall, within five (5) business days after the Effective Date, be deposited by Purchaser with the Title Company (as hereinafter defined), as escrow agent (in such capacity, the “Escrow Agent”) by wire transfer of immediately available funds. Failure by Purchaser to timely deliver the Deposit in accordance with this Section 2(a)(i) shall constitute a material default by Purchaser hereunder and Seller shall be entitled to terminate this Agreement by written notice to Purchaser. The Deposit shall be refundable to Purchaser only to the extent expressly set forth in this Agreement. The Deposit shall be held in a non-interest-bearing, federally-insured account by Escrow Agent in accordance with this Agreement pending the consummation of the Settlement (as defined below). At Settlement, the Deposit shall be paid to Seller on account of the Purchase Price and credited to Purchaser. The giving of the Deposit hereunder shall not be considered to be ▇▇▇▇▇▇▇ money. (ii) Subject to the prorations and adjustments set forth in this Agreement, the balance of the Purchase Price shall be paid to Seller at Settlement by wire transfer of immediately available federal funds. (b) If there is a dispute between Seller and Purchaser regarding whether the Deposit shall be returned to Purchaser or delivered to Seller, Escrow Agent shall have no obligation to either Seller or Purchaser with respect to the Deposit except to interplead (invoke a concursus of) the Deposit into an appropriate court of competent jurisdiction. Escrow Agent may act upon any instrument or other writing believed by Escrow Agent in good faith to be genuine and to be signed and presented by the proper person.

  • Establishment of Escrow Account; Deposits in Escrow Account With respect to those Mortgage Loans on which the Servicer or any Sub-Servicer collects Escrow Payments, if any, the Servicer shall, and shall cause the Sub-Servicer to, segregate and hold all funds collected and received pursuant to each such Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of trust accounts. Such Escrow Accounts shall be established with a commercial bank, a mutual savings bank or a savings and loan association the deposits of which are insured by the FDIC in a manner which shall provide maximum available insurance thereunder, and which may be drawn on by the Servicer. The Servicer shall give notice to the Trustee of the location of any Escrow Account, and of any change thereof, prior to the use thereof. Nothing in this paragraph shall be deemed to require the Servicer to collect Escrow Payments in the absence of a provision in the related Mortgage requiring such collection. The Servicer shall deposit, or cause to be deposited, in any Escrow Account or Accounts on a daily basis, and retain therein, (i) all Escrow Payments collected on account of any Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (ii) all amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property. The Servicer shall make withdrawals therefrom only to effect such payments as are required under this Agreement, and for such other purposes as are set forth in Section 5.11. The Servicer shall be entitled to retain any interest paid on funds deposited in the Escrow Account by the depository institution other than interest on escrowed funds required by law to be paid to the related Mortgagor and, to the extent required by law, the Servicer shall pay interest on escrowed funds to the related Mortgagor notwithstanding that the Escrow Account is non-interest-bearing or that interest paid thereon is insufficient for such purposes.

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (▇▇▇) ▇▇▇-▇▇▇▇. This does not apply to transactions occurring outside the United States.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one)

  • Mobile Deposit The Mobile Deposit feature enables you to use a software application together with your Wireless Access Device to create electronic images of the front and back of certain Original Checks (defined below) and transmit those images and other information, including, without limitation, information captured from the magnetic ink character recognition (“MICR”) line, to us for review and processing in accordance with this Agreement.