Common use of SECURITY DEPOSIT POLICY Clause in Contracts

SECURITY DEPOSIT POLICY. 7.1. TENANT will deposit with LANDLORD a sum, equal to one month's rent, as security deposit to guarantee the return of the Premises in as good or better condition as when initially occupied (reasonable wear and tear excepted). The security deposit shall NOT be applied toward any month's rent during occupancy. Said deposit will be returned via electronic or physical check (less any applicable charges) to TENANT within thirty days after the expiration of this Lease Agreement or after exclusive possession is returned to us, whichever is last to occur, under the following conditions: 7.1.1. All keys are returned to LANDLORD together with the carpet cleaning receipt, and the Premises is vacated in clean condition by the last day of this Lease Agreement period. 7.1.2. XXXXXXXX’s inspection reveals no damages to the Premises, reasonable wear and tear excepted. 7.1.3. TENANTS have submitted a signed Security Deposit Return Form, designating one individual as the recipient of one electronic or physical check for the total security deposit (less any applicable charges) currently held by LANDLORD. 7.1.4. If LANDLORD does not receive a Security Deposit Return Form, the security deposit (less any applicable charges) currently held by LANDLORD will be returned via mail as one joint check (made payable to all tenants) to the unit for which this Lease Agreement applies. 7.2. No part of the security deposit will be returned until all tenants (renewing, non-renewing, or new incoming) have vacated the Premises, the lease and any renewal term has expired, and exclusive possession of the Premises has been returned to LANDLORD, whichever is last to occur. Non-renewing tenants, renewing tenants, and new incoming tenants must negotiate between themselves how they wish to handle their respective security deposit shares and obligations. LANDLORD will not be involved in such process, but recommends that the parties reduce their agreement to writing. 7.3. Further, if the conditions of this Lease Agreement are not complied with including rent not timely paid, or if other conditions or requirements of this Lease Agreement are breached or violated by TENANT, then the whole or a fractional part of the deposit may be retained by LANDLORD as partial liquidated damages without prejudice to the rights of LANDLORD to recover such damages as he may be entitled to. Any deductions from the security deposit shall be itemized and identified in writing by the LANDLORD during this same time period. This provision does not waive rights of the LANDLORD to seek damages in excess of the security deposit. The TENANT agrees to reimburse the LANDLORD for any rent, fees, utilities due and/or damages exceeding the security deposit. 7.4. In the event of a lease renewal with a monthly rent increase, TENANT does not have to pay any additional security deposit over the one-month’s rent requirement for TENANT’s first and original lease agreement. The first and original security deposit paid by TENANT will transfer and apply to any renewal lease term.

SECURITY DEPOSIT POLICY. 7.1Sa 6.1. TENANT will deposit with LANDLORD a sum, equal to one month's rent, as security deposit to guarantee the return of the Premises premises in as good or better condition as when initially occupied (reasonable wear and tear excepted). The security deposit shall NOT be applied toward any month's rent during occupancy. Said deposit will be returned via electronic or physical check (less any applicable charges) to TENANT within thirty days after the expiration of this Lease Agreement or after exclusive possession is returned to us, whichever is last to occur, under the following conditions: 7.1.16.1.1. All keys are returned to LANDLORD together with the carpet cleaning receipt, and the Premises property is vacated in clean condition by the last day of this Lease Agreement period. 7.1.26.1.2. XXXXXXXXLANDLORD’s inspection reveals no damages to the Premisespremises, reasonable wear and tear excepted. 7.1.36.1.3. TENANTS have submitted a signed Security Deposit Return Form, designating one individual as the recipient of one electronic or physical check for the total security deposit (less any applicable charges) currently held by LANDLORD. 7.1.46.1.4. If LANDLORD does not receive a Security Deposit Return Form, the security deposit (less any applicable charges) currently held by LANDLORD will be returned via mail as one joint check (made payable to all tenants) to the unit unit/ premises for which this Lease Agreement applies. 7.26.2. No part of the security deposit will be returned until all tenants (renewing, non-renewing, or new incoming) have vacated the Premisespremises, the lease and any renewal term has expired, and exclusive possession of the Premises premises has been returned to LANDLORD, whichever is last to occur. Non-renewing tenants, renewing tenants, and new incoming tenants must negotiate between themselves how they wish to handle their respective security deposit shares and obligations. LANDLORD will not be involved in such process, but recommends that the parties reduce their agreement to writing. 7.36.3. Further, if the conditions of this Lease Agreement are not complied with including rent not timely paid, or if other conditions or requirements of this Lease Agreement are breached or violated by TENANT, then the whole or a fractional part of the deposit may be retained by LANDLORD as partial liquidated damages without prejudice to the rights of LANDLORD to recover such damages as he may be entitled to. Any deductions from the security deposit shall be itemized and identified in writing by the LANDLORD during this same time period. This provision does not waive rights of the LANDLORD to seek damages in excess of the security deposit. The TENANT agrees to reimburse the LANDLORD for any rent, fees, utilities due and/or damages exceeding the security deposit. 7.46.4. In the event of a lease renewal with a monthly rent increase, TENANT does not have to pay any additional security deposit over the one-month’s rent requirement for TENANT’s first and original lease agreement. The first and original security deposit paid by TENANT will transfer and apply to any renewal lease term.

SECURITY DEPOSIT POLICY. 7.1. as good or better condition as when initially occupied, normal wear and tear excepted TENANT will deposit with LANDLORD a sum, equal to one month's rent, as security deposit to guarantee the return of the Premises in as good or better condition as when initially occupied (reasonable wear and tear excepted)in 7.1. The security deposit shall NOT be applied toward any month's rent during occupancy. Said The security deposit will be returned via electronic or physical check (less any applicable charges) to TENANT within thirty days after the expiration of this Lease Agreement or after exclusive possession is returned to us, whichever is last to occur, under the following conditions: 7.1.1. All keys are returned to LANDLORD together with requirements outlined in the carpet cleaning receipt, annual Move-Out Packet have been completed and the Premises is vacated in clean condition by the last day of this Lease Agreement periodterm. 7.1.2. XXXXXXXX’s inspection reveals no damages to the Premises, reasonable wear and tear excepted. 7.1.3. TENANTS have submitted a signed Security Deposit Return Formapplicable charges) currently held by LANDLORD Packet, designating one individual as the recipient of one electronic or physical check for the total security deposit (less any TENANTS have submitted a Security Deposit Return Form by the deadline specified in the annual Move-Out 7.1.4. If TENANT does not submit a Security Deposit Return Form by the deadline, the total security deposit (less any applicable charges) currently held by LANDLORD. 7.1.4. If LANDLORD does not receive a Security Deposit Return Form, the security deposit (less any applicable charges) currently held by LANDLORD will be returned via mail sent as one joint an electronic check (made payable to all tenants) to the unit for which this Lease Agreement appliesPRIMARY TENANT designated during the leasing process. 7.2. No part of the security deposit will be returned until all tenants (renewing, non-renewing, or new incoming) have vacated the Premises, the lease and any renewal term has expired, and exclusive possession of the Premises has been returned to LANDLORD, whichever is last to occur. Non-renewing tenants, renewing tenants, and new incoming tenants must negotiate between themselves how they wish to handle their respective security deposit shares and obligations. LANDLORD will not be involved in such process, but recommends that the parties reduce their agreement to writing. 7.3. Further, if the conditions of this Lease Agreement are not complied with including rent not timely paid, or if other conditions or requirements of this Lease Agreement are breached or violated by TENANT, then the whole or a fractional part of the deposit may be retained by LANDLORD as partial liquidated damages without prejudice to the rights of LANDLORD to recover such damages as he may be entitled to. Any deductions from the security deposit shall be itemized and identified in writing by the LANDLORD during this same time period. This provision does not waive rights of the LANDLORD to seek damages in excess of the security deposit. The TENANT agrees to reimburse the LANDLORD for any rent, fees, utilities due and/or damages exceeding the security deposit. 7.4. In the event of a lease renewal with a monthly rent increase, TENANT does not have to pay any additional security deposit over the one-month’s rent requirement for TENANT’s first and original lease agreement. The first and original security deposit paid by TENANT will transfer and apply to any renewal lease term.

SECURITY DEPOSIT POLICY. 7.1Sa 6.1. TENANT will deposit with LANDLORD a sum, equal to one month's rent, as security deposit to guarantee the return of the Premises premises in as good or better condition as when initially occupied (reasonable wear and tear excepted). The security deposit shall NOT be applied toward any month's rent during occupancy. Said deposit will be returned via electronic or physical check (less any applicable charges) to TENANT within thirty days after the expiration of this Lease Agreement or after exclusive possession is returned to us, whichever is last to occur, under the following conditions: 7.1.16.1.1. All keys are returned to LANDLORD together with the carpet cleaning receipt, and the Premises property is vacated in clean condition by the last day of this Lease Agreement period. 7.1.26.1.2. XXXXXXXXLANDLORD’s inspection reveals no damages to the Premisespremises, reasonable wear and tear excepted. 7.1.36.1.3. TENANTS have submitted a signed Security Deposit Return Form, designating one individual as the recipient of one electronic or physical check for the total security deposit (less any applicable charges) currently held by LANDLORD. 7.1.46.1.4. If LANDLORD does not receive a Security Deposit Return Form, the security deposit (less any applicable charges) currently held by LANDLORD will be returned via mail as one joint check (made payable to all tenants) to the unit unit/ premises for which this Lease Agreement applies. 7.26.2. No part of the security deposit will be returned until all tenants (renewing, non-renewing, or new incoming) have vacated the Premisespremises, the lease and any renewal term has expired, and exclusive possession of the Premises premises has been returned to LANDLORD, whichever is last to occur. Non-renewing tenants, renewing tenants, and new incoming tenants must negotiate between themselves how they wish to handle their respective security deposit shares and obligations. LANDLORD will not be involved in such process, but recommends that the parties reduce their agreement to writing. 7.36.3. Further, if the conditions of this Lease Agreement are not complied with including rent not timely paid, or if other conditions or requirements of this Lease Agreement are breached or violated by TENANT, then the whole or a fractional part of the deposit may be retained by LANDLORD as partial liquidated damages without prejudice to the rights of LANDLORD to recover such damages as he may be entitled to. Any deductions from the security deposit shall be itemized and identified in writing by the LANDLORD during this same time period. This provision does not waive rights of the LANDLORD to seek damages in excess of the security deposit. The TENANT agrees to reimburse the LANDLORD for any rent, fees, utilities due and/or damages exceeding the security deposit. 7.4. In the event of a lease renewal with a monthly rent increase, TENANT does not have to pay any additional security deposit over the one-month’s rent requirement for TENANT’s first and original lease agreement. The first and original security deposit paid by TENANT will transfer and apply to any renewal lease term.