Common use of SECURITY DEPOSIT RECEIPT Clause in Contracts

SECURITY DEPOSIT RECEIPT. In accordance with § 383.580(1), if the Tenant is required to make a security deposit, the landlord must keep the deposit funds in a bank account used solely for that purpose. Furthermore, the Landlord must disclose the account number where the deposit is being held to the tenant.

Appears in 3 contracts

Sources: Residential Lease Agreement, Month to Month Lease Agreement, Month to Month Lease Agreement

SECURITY DEPOSIT RECEIPT. In accordance with § 383.580(1), if the Tenant tenant is required to make a security deposit, the landlord must keep the deposit funds in a bank account used solely for that purpose. Furthermore, the Landlord landlord must disclose the account number where the deposit is being held to the tenant.

Appears in 1 contract

Sources: Rent to Own Agreement