Common use of Return of Security Deposit Clause in Contracts

Return of Security Deposit. If Xxxxxx returns possession of the Premises to Landlord in the same condition as accepted, ordinary wear and tear excepted, Landlord will return the Security Deposit to Tenant, less any allowed deductions, within days after the end of the Term. Any reason for retaining a portion of the security deposit will be itemized and explained in writing. If Tenant exercises the Option to Purchase, the Security Deposit: (Check one) ☐ Will be credited towards the Purchase Price at the Closing (as defined herein). ☐ Will be returned to Tenant in accordance with this Agreement.

Return of Security Deposit. If Xxxxxx Tenant returns possession of the Premises to Landlord in the same condition as accepted, ordinary wear and tear excepted, Landlord will return the Security Deposit to Tenant, less any allowed deductions, within __________ days after the end of the Term. Any reason for retaining a portion of the security deposit will be itemized and explained in writing. If Tenant exercises the Option to Purchase, the Security Deposit: (Check one) ☐ Will be credited towards the Purchase Price at the Closing (as defined herein). ☐ Will be returned to Tenant in accordance with this Agreement.

Return of Security Deposit. If Xxxxxx returns possession of the Premises to Landlord in the same condition as accepted, ordinary wear and tear excepted, Landlord will return the Security Deposit to Tenant, less any allowed deductions, within days after the end of the Term. Any reason for retaining a portion of the security deposit will be itemized and explained in writing. If Tenant exercises the Option to Purchase, the Security Deposit: (Check one) ☐ Will Deposit [will be returned to Tenant in accordance with this Agreement/will be credited towards the Purchase Price at the Closing (as defined herein). ☐ Will be returned to Tenant in accordance with this Agreement].

Return of Security Deposit. If Xxxxxx Tenant returns possession of the Premises to Landlord in the same condition as accepted, ordinary wear and tear excepted, Landlord will return the Security Deposit to Tenant, less any allowed deductions, within days after the end of the Term. Any reason for retaining a portion of the security deposit will be itemized and explained in writing. If Tenant exercises the Option to Purchase, the Security Deposit: (Check one) ☐ ☐ Will be credited towards the Purchase Price at the Closing (as defined herein). ☐ Will be returned to Tenant in accordance with this Agreement.