Waiving The Security Deposit. As a custom, the Lessor will expect to receive a certain amount based on the monthly rent to hold for the length of this agreement. This amount would be returned in full to the Lessee when the agreement terminates and the Lessee does not have an unpaid balance with the Lessor. In some states, this security deposit will need to be held by the Lessor in certain types of accounts. If the Lessor does not intend to collect a security deposit from the Lessee, then select the first checkbox statement.
Appears in 7 contracts
Samples: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement
