SECURITY DEPOSIT AND ADVANCE RENT. All security deposits and advance rent must be held by Broker in a Florida banking institution and in accordance with Chapter 83, Florida Statutes. Broker shall have full responsibility to collect rents, deposit and hold funds received on behalf of tenant as required by Chapter 83.49, Florida Statutes and disburse the security deposit to the tenant in accordance with Florida law. Owner shall indemnify Broker in the event Tenant sues Broker over a dispute concerning Owner's disposition of the security deposit or advance rent.
SECURITY DEPOSIT AND ADVANCE RENT. Upon execution of this Contract, the LESSEE shall pay the LESSOR a Security Deposit, the amount of which is stated in Section IV of the Basic Lease Provisions, to serve as security for the full and faithful compliance of each and every term, provision, covenant, and condition of this lease. The LESSOR shall not be required to keep the Security Deposit from its general funds and the LESSEE shall not be entitled to interest on such deposit. The Security Deposit shall remain intact during the entire term of this lease and the LESSEE cannot demand that it be applied as payment for any of its monetary obligations under this Contract. In the event the LESSEE satisfies the LESSOR of its full and faithful performance and compliance with every provision of this lease, the Security Deposit shall be refunded to the LESSEE not later than sixty (60) days after the expiration of the lease term. The LESSEE shall likewise satisfy any and all monetary obligations to the LESSOR, and shall completely and satisfactorily vacate, deliver, and surrender the leased premises in as good condition as it was prior to the lease except for depreciation due to ordinary wear and tear, to the LESSOR. Subject to the provisions of this Contract, in the event the LESSEE terminates this Contract before the expiry date for whatever reason, the Security Deposit, shall be automatically forfeited in favor of the LESSOR, to cover expenses incurred by the LESSOR arising from this lease arrangement, such as commissions paid to brokers, documentation expenses, etc., except when such termination is by reason of any civil or political disturbances and/or uprising, act of war, state of national emergency declared by STANDARD GTC – CYBERGATE (OFFICE) the proper government body, or any other circumstances beyond the control of the LESSEE and/or its assignee. In which case, the Security Deposit or the unused Advanced Rent shall be returned by the LESSOR to the LESSEE not later than sixty (60) days from the termination of this Contract. The LESSEE’s liability for any breach of this Contract or for any obligation for the leased premises shall not be limited to the amount of the said Security Deposit. In addition, the LESSEE shall pay the LESSOR an Advance Rent, the amount of which is stated in Section V of the Basic Lease Provisions. The said amount shall be applied to the rent for the last number of months to which it corresponds or is equivalent. In the event of pre-termination of this Contract before the ...
SECURITY DEPOSIT AND ADVANCE RENT. Concurrent with execution of this Lease for purposes of this Lease, "Lease I", Tenant has executed a lease (for purposes of this Lease, "Lease II") of a portion of the space in an office/flex building located at 0000 XX Xxxxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx. To secure Tenant's compliance with all of the terms and provisions of this Lease I., and with all of the terms and provisions of Lease II, upon execution of this Lease, Tenant shall provided Landlord one security deposit of either:
SECURITY DEPOSIT AND ADVANCE RENT. All security deposits and advance rent must be held by Owner in a Florida banking institution and in accordance with Chapter 83.49(3)
SECURITY DEPOSIT AND ADVANCE RENT. Owner shall have full responsibility to collect rents, deposit and hold funds received on behalf of tenant and disburse the security deposit to the tenant in accordance with Arizona Landlord Law. Owner shall indemnify Broker in the event Tenant sues Brokers over a dispute concerning Owner’s disposition of the security deposit.
SECURITY DEPOSIT AND ADVANCE RENT. All security deposits and advance rent must be held by Owner in a Florida banking institution and in accordance with Chapter 83.49(3), Florida Statutes. Owner shall have full responsibility to collect rents, deposit and hold funds received on behalf of tenant as required by Chapter 83.49(3), Florida Statutes and disburse the security deposit to the tenant in accordance with Florida Law. It is recommended that as an Owner/Landlord that you should obtain and review a complete copy of the Florida Landlord and Tenant Act (Florida Statutes 83, Part II), which pertains to Florida Law regarding residential tenancies. Owner shall indemnify Broker in the event Tenant sues Broker over a dispute IoﾐIerﾐiﾐg O┘ﾐer’s dispositioﾐ of the seIurit┞ deposit or ad┗aﾐIe reﾐt. The seIurit┞ deposit collected from the Tenant shall be made payable to and turned over to the Owner, thereby, releasing the Broker from all liability for the return of security deposit upon termination of the lease. Owner agrees that all responsibilities of the Broker shall end with the execution of the lease. The Owner hereby indemnifies and holds harmless the Broker from any claims or costs incurred by the Broker in defending against any claims arising from the security deposit. The suggested amount of security deposit will be equal to one month’s rent, unless negative findings are discovered during the credit or background check. Owner acknowledges that Broker is not a property manager for the premises described herein, and Broker’s sole responsibility is to secure a tenant. Upon execution of the lease agreement, Broker shall be relieved of all further responsibilities and obligations.
SECURITY DEPOSIT AND ADVANCE RENT. The Lessor acknowledges receipt of Dollars ($ ) to be paid upon the execution of this Lease as security for the premises. Lessor shall retain the security deposit for the Lessee’s faithful performance of this Lease. The Lessor is not obligated to apply the security deposit or advance rent to rents or other charges in arrears or on damages for the Lessee’s failure to perform the Lease. However, the Lessor may so apply the security at its option and Lessor's right to possession of the premises for nonpayment of the rent or for any other reason shall not in any event be affected by reason of the fact that Lessor holds this security. The advance rent may be applied to any damage to the unit. The security deposit, if not applied toward payment of arrearages or damages as herein provided, is to be returned to the Lessee when the Lease is terminated, after the Lessee has vacated the premises and delivered possession to the Lessor in the same condition as delivered to Lessee at the commencement of the Lease, ordinary wear and tear expected. If the Lessor repossesses the premises because of the Lessee’s default or breach, the parties acknowledge that the security deposit may be retained by the Lessor as liquidated damages, consideration for the execution of this Lease and in full settlement of all claims. The security deposit will be held in a non-interest bearing account.
SECURITY DEPOSIT AND ADVANCE RENT. Upon execution of the Lease, Lessee shall pay a security deposit of $36,091.00 and advance rent of $36,091.00 for a total of $72,182.00. The amounts set forth in this paragraph 55 may be adjusted pursuant to the provisions of paragraph 52 of this Addendum to Lease.
SECURITY DEPOSIT AND ADVANCE RENT. Concurrent with the execution of this lease, Lessee has deposited with Lessor the amount of $11,642.34, as payment for the first month and partial payment for last month rent. The receipt of which is acknowledged by Lessor for Lessee’s payment of the agreed rent. For the security deposit, Lessee shall pay Lessor a total of $5,624.32, also due upon execution of the lease agreement. lf, at any time Lessee defaults in any provision of this lease, Lessor will have the right to use the security deposit or as much of it as may be necessary to pay any rent in default, any expense incurred by Lessor in curing any default by Lessee, or any damages incurred by Lessor by reason of Lessee’s default. if the security deposit is not used for any such purpose, it shall be refunded to Lessee on the expiration of this lease. This sum shall be retained by Lessor as security for Leesee’s payment of the agreed rent. Lessee will not be entitled to interest on the security deposit. The Lessee acknowledges and understands that the Lessor will hold advance rent of $5,624.32 and shall be consider as payment in escrow for the last month rent.
SECURITY DEPOSIT AND ADVANCE RENT. Tenant shall increase its security deposit ("Security Deposit") by an additional $15,875.75 concurrent with its execution of this First Amendment as well as paying advance rent for the month of November, 1998 in the same amount of $15,875.75, also with the execution of this First Amendment.
