Common use of Security Deposit/Charges Clause in Contracts

Security Deposit/Charges. (a) Subject to compliance with the Terms and Conditions in full herein, the Security Deposit will be refunded to the Licensee upon expiry and/or revocation of the Licence Agreement, after the Premises has been vacated and upon receipt by the Licensor of all keys and security cards issued to the Licensee. (b) Any outstanding fines, charges, damages, community levy, cleaning costs and outstanding administration charges will be deducted from the Security Deposit at the end of the Licence Period. (c) Residents who have been evicted from their room for breach of the terms under this Licence Agreement will not be entitled to a refund of their Security Deposit.