Tenant’s Failure to Perform. If prior to moving in, the prospective Tenant fails to perform any of the promises of their Lease, the deposit(s) paid or agreed to be paid by prospective Tenant may, at Broker discretion be retained. 20% of deposit retained will be kept by CrossView Property Management for administrative fee. 80% will be maintained for the account of Owner for liquidated damages, consideration for the execution of this Contract, and in full settlement of any claims. Prospective Landlord and prospective Tenant will be relieved of all obligations under this Contract if prospective Landlord fails to perform any of the promises of this Contract, the deposit(s) will be returned to prospective Tenant without waiving action for damages resulting from Prospective Landlord's breach.
Appears in 5 contracts
Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement
