Returning the Member Deposit Clause Samples

Returning the Member Deposit. The co-op will return the member deposit when the member leaves the unit permanently. Before returning the deposit, the co-op can deduct any amount which the member owes because: $ the member did not give enough notice $ the unit was not left in the condition stated in 5.9 of this By-law $ the member owes money to the co-op, or $ the member did not pay the last month's housing charge.