Common use of Security/Damage Deposit Clause in Contracts

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 Lessee’s obligations hereunder. Upon exercise of the option, Lessor shall credit said deposit towards the purchase price of the property. .

Appears in 2 contracts

Samples: Residential Lease With Option to Purchase, Georgia Residential Lease With Option to Purchase

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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 LesseeXxxxxx’s obligations hereunder. Upon exercise of the option, Lessor shall credit said deposit towards the purchase price of the property. .

Appears in 2 contracts

Samples: Residential Lease With Option to Purchase, Georgia Residential Lease With Option to Purchase

Security/Damage Deposit. The security deposit of dollars ($ ) shall secure the performance of the Lessee’s obligations hereunder. Lessor may apply all or portions of said deposit on account of Lessee’s obligations hereunder. Upon exercise of the option, Lessor shall credit said deposit towards the purchase price of the property. .

Appears in 2 contracts

Samples: California Residential Lease Agreement, California Residential Lease Agreement

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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 Lessee’s obligations hereunder. Upon exercise of the option, Lessor shall credit said deposit towards the purchase price of the property. .

Appears in 1 contract

Samples: Georgia Residential Lease With Option to Purchase

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