Common use of Restoration of Property Clause in Contracts

Restoration of Property. In the event that the Member/Homeowner or his/her guests or invitees cause damage to the Premises, or any property located therein and/or to the exterior during the Rental Period, the Member/Homeowner shall promptly remedy such damages and repair such damaged property to a condition substantially similar to that which existed before the damage was caused. In the event the Member/Homeowner fails to do so promptly, the Association shall proceed to repair the damage and hold the Member/Homeowner responsible for the amounts of such repair and shall withhold this amount from the Security Deposit; however, the Security Deposit is not the limit of the Member/Homeowner’s financial responsibility in the event of damage.