Common use of Security Deposit Check Not Honored Clause in Contracts

Security Deposit Check Not Honored. In the event any Security Deposit check is not honored, for any reason, by the bank upon which it is drawn, Holder shall promptly notify all parties to this agreement. Tenant shall have 3 (three) banking days after notice to deliver good funds to Holder. In the event Tenant does not timely deliver good funds, Landlord shall have the right to terminate this Lease upon written notice to Tenant. The Tenant has 2 weeks to move in from the date they give their security deposit. If the Tenant wants to change their move in date past the 2 weeks and the Landlord does not consent and cancel’s the lease the security deposit will be forfeited due to holding the property for said Tenant.

Security Deposit Check Not Honored. In the event any Security Deposit check is not honored, for any reason, by the bank upon which it is drawn, Holder shall promptly notify all parties to this agreement. Tenant shall have 3 (three) banking days after notice to deliver good funds to Holder. In the event Tenant does not timely deliver good funds, Landlord shall have the right to terminate this Lease upon written notice to Tenant. The Tenant has 2 weeks to move in from the date they give their security deposit. If the Tenant wants to change their move in date past the 2 weeks and the Landlord does not consent and cancel’s 's the lease the security deposit will be forfeited due to holding the property for said Tenant.