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Common use of Utility Deposit Clause in Contracts

Utility Deposit. 1. If utilities, to include as applicable electricity, gas, water and sewer, are included as part of the rental payment, ESG Subrecipient will pay a Utility Deposit to the Landlord as required in the amount of $ . 2. The Landlord will hold this Utility Deposit during the period in which Tenant occupies the rental unit under the Lease. After Tenant has moved from the rental unit, the Landlord may use the Utility Deposit as reimbursement for amounts owed to Landlord for utilities. After deducting the amounts owed, the Landlord will promptly refund the full amount of any remaining Utility Deposit balance to ESG Subrecipient. 3. If utilities are not included as part of the rental payment, ESG Subrecipient will pay a Utility Deposit directly to the utility provider as required.

Appears in 3 contracts

Samples: Rental Assistance Agreement, Rental Assistance Agreement, Rental Assistance Agreement

Utility Deposit. 1. If utilities, to include as applicable electricity, gas, water and sewer, are included as part of the rental payment, ESG CARES Subrecipient will pay a Utility Deposit to the Landlord as required in the amount of $ . 2. The Landlord will hold this Utility Deposit during the period in which Tenant occupies the rental unit under the Lease. After Tenant has moved from the rental unit, the Landlord may use the Utility Deposit as reimbursement for amounts owed to Landlord for utilities. After deducting the amounts owed, the Landlord will promptly refund the full amount of any remaining Utility Deposit balance to ESG CARES Subrecipient. 3. If utilities are not included as part of the rental payment, ESG CARES Subrecipient will pay a Utility Deposit directly to the utility provider as required.

Appears in 1 contract

Samples: Rental Assistance Agreement