Common use of Security Deposit Disputes Clause in Contracts

Security Deposit Disputes. The disposition of the Security Deposit of all tenants shall be at the sole reasonable discretion of the Broker. At Broker’s option, Broker may tender the Security Deposit directly to Owner, in which case Owner shall be fully responsible for retaining or refunding any portion of the deposit to the tenant, and Owner shall indemnify and hold Broker harmless from any claim or liability related to the deposit.