Common use of Security Deposit Return Clause in Contracts

Security Deposit Return. Should the lease conclude successfully without any damages or violations that must be paid by the Roommates, then each Roommate who has submitted a security deposit will be entitled to its return. Every County and/or State will have a time limit after the successful termination of a lease that will mandate how long the Landlord is given to assess if a cure must be obtained from the security amount and return the remaining balance or the full amount (if no payments are required). This timeline will wholly depend upon the laws of the state that governs the premises. Report the maximum number of days after the termination of the lease that dictate how long the Landlord has to return the security amount (minus cures to damages/violations) in the space provided. This number of days must be compliant with the current statutes of the county or state whose laws apply to the premises. IX. Specific Rooms (29)

Security Deposit Return. Should the lease conclude successfully without any damages or violations that must be paid by the Roommates, then each Roommate who has submitted a security deposit will be entitled to its return. Every County and/or State will have a time limit after the successful termination of a lease that will mandate how long the Landlord is given to assess if a cure must be obtained from the security amount and return the remaining balance or the full amount (if no payments are required). This timeline will wholly depend upon the laws of the state that governs the premises. Report the maximum number of days after the termination of the lease that dictate how long the Landlord has to return the security amount (minus cures to damages/violations) in the space provided. This number of days must be compliant with the current statutes of the county or state whose laws apply to the premises. IX. Specific Rooms (29).

Security Deposit Return. Should the lease conclude successfully without any damages or violations that must be paid by the Roommates, then each Roommate who has submitted a security deposit will be entitled to its return. Every County and/or State will have a time limit after the successful termination of a lease that will mandate how long the Landlord is given to assess if a cure must be obtained from the security amount and return the remaining balance or the full amount (if no payments are required). This timeline will wholly depend upon the laws of the state that governs the premises. Report the maximum number of days after the termination of the lease that dictate how long the Landlord has to return the security amount (minus cures to damages/violations) in the space provided. This number of days must be compliant with the current statutes of the county or state whose laws apply to the premises. IX. Specific Rooms (29).