Units Deposits Sample Clauses

The "UNITS; DEPOSITS" clause defines the specific rental units covered by the agreement and outlines the requirements for any deposits associated with those units. Typically, this clause will identify the address or unit numbers involved and specify the amount, type (such as security or damage deposit), and payment terms for the deposits required from the tenant. By clearly stating which units are included and the deposit obligations, this clause helps prevent disputes over property identification and ensures both parties understand the financial commitments at the outset of the lease.