Common use of Security Deposits Clause in Contracts

Security Deposits. The Manager is allowed to collect security deposits from tenants. Returning security deposits to tenants shall be the responsibility of the: (check one)

Appears in 21 contracts

Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement

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Security Deposits. The Manager is allowed to collect security deposits from tenants. Returning security deposits to tenants shall be the responsibility of the: (check one)) ☐ - Manager. ☐ - Owner. Any security deposits collected by either the Manager or Owner must be placed in a bank account with an interest rate in accordance with Governing Law.

Appears in 18 contracts

Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement

Security Deposits. The Manager is allowed to collect security deposits from tenants. Returning security deposits to tenants shall be the responsibility of the: (check one)) ☐ - Manager. ☐ - Owner. Any security deposits collected by either the Manager or Owner must be placed in a bank account with an interest rate in accordance with Governing Law.

Appears in 8 contracts

Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement

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Security Deposits. The Manager is allowed to collect security deposits from tenants. Returning security deposits to tenants shall be the responsibility of the: (check one)) ☐ - Manager. ☐ - Owner. Any security deposits collected by either the Manager or Owner must be placed in a bank account with an interest rate in accordance with Governing Law. The total amount for any security deposits or prepaid rent collected from a tenant(s) of the Property shall be disclosed in writing and may be affixed to this Agreement.

Appears in 1 contract

Samples: Property Management Agreement

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