Common use of Return of the Deposit Clause in Contracts

Return of the Deposit. All Rent payments, utilities and other expenses agreed under the Terms of the agreement must be paid up to date. Final bills and proof of payment will be required for all utilities and services provided to the Property. As set out above, the landlord is entitled to deduct from the deposit any reasonable amount required to make good the tenants breaches. However provided that the Tenant has fulfilled all of their obligations under the Tenancy agreement, the Deposit will be refunded in full without interest to the Head Tenant by either UK cheque or UK bank transfer. Once the final figure is agreed between the Tenant and Landlord or Property Manager, it will be refunded within 10 days of request by the Tenant. Once refunded, the Deposit will be unprotected under the Tenancy Deposit Scheme.