Security/Damage Deposit. Simultaneously with the execution and delivery of this Lease, Tenant shall deposit with Landlord or Agent the sum set forth in Section 1.10 above, in cash (the “Security”), representing security for the performance by Tenant of the covenants and obligations hereunder. The Security shall be held by Landlord or Agent, without interest, in favor of Tenant; provided, however, that no trust relationship shall be deemed created thereby; the Security may be commingled with other assets of Landlord; and Landlord shall not be required to pay any interest on the Security. If Tenant defaults in the performance of any of its covenants hereunder, Landlord or Agent may, without notice to Tenant, apply all or any part of the Security to the cure of such default or the payment of any sums then due from Tenant under this Lease (including, but not limited to, amounts due under Section 22.2 of this Lease as a consequence of termination of this Lease or Tenant’s right to possession), in addition to any other remedies available to Landlord. In the event the Security is so applied, Tenant shall, upon demand, immediately deposit with Landlord or Agent a sum equal to the amount so used. If Tenant fully and faithfully complies with all the covenants and obligations hereunder, the Security (or any balance thereof) shall be returned to Tenant within thirty (30) days after the later to occur of (i) the date the Term expires or terminates or (ii) delivery to Landlord of possession of the Premises. Landlord may deliver the Security to any lender with a mortgage lien encumbering the Property or to any Successor Landlord (defined below), and thereupon Landlord and Agent shall be discharged from any further liability with respect to the Security.
Security/Damage Deposit. A Security / Damage deposit is required latest at check-in, and must be either received on ANSA account at time of check in, or can be paid in cash at arrival This security deposit will be returned at check out, provided proper check-out procedures are followed, and there is no breakage or damage to the PROPERTY.
Security/Damage Deposit. The security deposit of $ shall secure the performance of the Lessee’s obligations hereunder. Lessor may apply all or portions of said deposit on account of Xxxxxx’s obligations hereunder. Upon exercise of the option, Lessor shall credit said deposit towards the purchase price of the property. .
Security/Damage Deposit. The security deposit is to be held to reserve rental for . Upon Xxxxxx’s arrival, it becomes a damage deposit. If the Tenant changes his/her/their mind, the security deposit is non- refundable and will be forfeited. The damage deposit will be returned within 20 days of the expiration of the Lease pursuant to Rhode Island General Laws, turning in the keys ($10.00 for each missing key), and providing forwarding addresses, provided there is no physical damage to the premises and its furnishings, other than ordinary wear and tear, and no outstanding bills as provided. Tenants agree to allow Lessor to deduct from the security deposit the following charges if they apply: (a) The costs of any repairs, replacements, redecorating, and or refurnishing of the premises, or any fixtures, systems or appliances, caused by other than “ordinary” wear; (b) any damages caused by smoking inside the house as smoking is not permitted; (c) a reasonable cleaning expense; and (d) any outstanding bills (e.g. cable, internet, phone, electric, fuel). THE SECURITY DEPOSIT MAY NOT BE USED FOR RENTAL PAYMENTS.
Security/Damage Deposit. RENTER shall pay the City a Security/Damage Deposit, in the amount of $ . when this Rental Agreement is submitted, to confirm the reservation of the rental space/s. Checks should be made payable to the City of Xxxx Valley. Make sure the name of the hosting individual/ group/organization is noted on the check. If the terms in this lease agreement are upheld, the facility has been inspected and City staff has determined that there are no damages, damage may include but is not limited to the facility and equipment, the Security/Damage Deposit shall be refunded to the person named in Section 19, Authorized Agent under “Refund Check Issued to.” The refund check and invoice will be postmarked typically no later than thirty (30) business days from the last day of the rented period.
Security/Damage Deposit. SECURITY/DAMAGE DEPOSIT. Simultaneously with the execution of this Lease, Tenant shall (i) pay a sum equal to two (2) months' gross rent (not including sales tax) (to wit: $35,442.76); and (ii) provide Landlord with a $250,000.00 letter of credit issued by a financial institution and in a form acceptable to Landlord, both to be held by Landlord as security for the performance by Tenant of all of the terms, covenants and conditions hereof and the payment of Rent or any other sum due Landlord hereunder. It is expressly understood that such deposit shall not be considered an advance payment of Rent or a measure of Landlord's damages in the event of default by Tenant. Landlord shall have the right to apply all or any part of the security deposit against any costs or expenses incurred or to be incurred by Landlord as a result of any damage, injury, expense or liability caused by Tenant's default, including, but not limited to: (a) unreasonable wear and tear of the Premises; (b) loss or damage to the Premises or other property of the Landlord caused by Tenant, Tenant's officers, employees, agents, invitees, or licenses, reasonable wear and tear excepted; (c) the cost of restoring the Premises, except for reasonable wear and tear, to the same condition it was in at the time Tenant began occupancy thereof; (d) Rent or Additional Rent payments which remain due and owing beyond any applicable grace period. Landlord shall not be limited in pursuing Landlord's remedies against Tenant for costs, losses or damages to the Premises or to any other property of Landlord for any such costs, losses or damages which are in excess of the above described security deposit. Such money shall bear no interest and may be commingled with other security deposits or funds of Landlord. Tenant shall promptly replenish any security deposit used by Landlord for any of the items set forth in this Article IV. Tenant's failure to do so shall be deemed a default under this Lease. Provided that Tenant is not then in default under any provision of this Lease, Tenant has the option of replacing the letter of credit with a substitute letter of credit, issued by a financial institution reasonably acceptable to Landlord and in a form comparable to the original letter of credit provided hereunder, in the following amounts at the times indicated: (i) $150,000.00 at the end of the fourth (4th) lease year; (ii) $100,000.00 at the end of the fifth (5th) lease year; and (iii) $50,000.00 at the end of the s...
Security/Damage Deposit. (a). Xxxxxx agrees to pay Landlord the sum of $ deposit as security against the breach by Tenant of any Tenant’s covenants and agreements contained herein. The Deposit will be held by Landlord as security against breach by Tenant of any provision of this Lease. Tenant understands that all or a portion of the Deposit may be retained by Landlord upon termination of this Lease or Xxxxxx’s tenancy unless each of the following conditions is satisfied:
Security/Damage Deposit. The $200 deposit will be made at the time you sign and turn in the rental agreement.The deposit will be refunded after inspection of the property is done and the check will be mailed back. If there are any issues, we will call and let you know. The Arlington Community Event Center is not responsible for any accidents or injuries occurring at or on the event center’s grounds. The Event Center is not responsible for lost items. The Arlington Community Event Center is a smoke-free facility. Smoking is prohibited inside the center. Smoking is only allowed outside in specified smoking areas and cigarettes must be disposed of in specified receptacles.
Security/Damage Deposit. Simultaneously with the execution of this Lease, Tenant shall pay the sum of $-0- to be held by Landlord as a damage deposit and/or as security for the performance by Tenant of all of the terms, covenants and conditions hereof and the payment of Rent or any other sum due Landlord hereunder. Landlord shall have the right to apply all or any part of the security deposit against: (a) unreasonable wear and tear of the Premises; (b) loss or damage to the Premises or other property of the Landlord caused by Tenant, Tenant's employees, agents invitee, or licensees; (c) the cost of restoring the Premises, except for reasonable wear and tear, to the same condition it was in at the time Tenant began occupancy thereof; and (d) Rent payments which remain due and owing beyond any applicable grace period. Landlord shall not be limited in pursuing Landlord's remedies against Tenant for costs, losses or damages to the Premises or to any other property of Landlord for any such costs, losses or damages which are in excess of the above described security deposit amount. Such security deposit shall bear no interest and may be commingled with other security deposits or funds of Landlord.
Security/Damage Deposit. Renter acknowledges a security deposit of one thousand dollars ($1,000.00) can be charged to renter’s credit card. Security deposit will be waived as long as renter provides Island View with a valid credit card on file, ISLAND VIEW shall be authorized to charge RENTER’S credit card on file for the full amount of such security deposit, along with any other costs incurred by RENTER in accordance with the terms hereof. Any unused portion of the security deposit will be released after the completion of the rental period, provided no damage to the equipment is found, and no additional charges have accrued as outlined under this agreement. ISLAND VIEW reserves the right to inspect rental equipment up to thirty (30) days after the rental period if necessary to have mechanics or repairmen view and fix any damage that was incurred while RENTER had equipment in his/her possession. If damage is caused or permitted by RENTER during the rental period, RENTER authorizes Island View to charge the credit card on file for the full amount of any such damages, including repair costs and to then notify RENTER of the same. RENTER understands that all damages will be repaired by ISLAND VIEW’s authorized mechanics and/or repairmen; and no repairs will be allowed by RENTER or others. I understand that I as RENTER am responsible for all damages, even if they are above the amount of my initial security deposit authorization.
