Common use of Xxxxxxxx Deposit Clause in Contracts

Xxxxxxxx Deposit. Tenant herewith deposits with Landlord $375.00, which shall be held by Landlord as security (a) for performance by Tenant of all terms, covenants, and conditions of this lease and (b) for the return of the leased premises and common areas, and the personal property, if any, therein, in accordance with the terms of the lease. The common areas of the premises shall include all areas of the building and premises accessible to all Tenants equally. Tenant shall be responsible, pro rata, with all other Tenants, for damage to the common areas. Landlord shall not be required to produce proof of the responsible party to assess a claim against each and all Tenants' security deposits for their pro rata share of damage to the common area. All security deposit refunds must be in writing. After July 1 2019 all deposits will be non-refundable. Any student who vacates their apartment or is dismissed or withdrawals from Herkimer College prior to the end of this contract, shall forfeit the Security Deposit and are liable for the remainder of rent, both Fall and Spring Semesters.

Xxxxxxxx Deposit. Tenant herewith deposits with Landlord $375.00, which shall be held by Landlord as security (a) for performance by Tenant of all terms, covenants, and conditions of this lease and (b) for the return of the leased premises and common areas, and the personal property, if any, therein, in accordance with the terms of the lease. The common areas of the premises shall include all areas of the building and premises accessible to all Tenants equally. Tenant shall be responsible, pro rata, with all other Tenants, for damage to the common areas. Landlord shall not be required to produce proof of the responsible party to assess a claim against each and all Tenants' security deposits for their pro rata share of damage to the common area. All security deposit refunds must be in writing. After July 1 2019 1, 2017 all deposits will be non-refundable. Any student who vacates their apartment or is dismissed or withdrawals from Herkimer College prior to the end of this contract, shall forfeit the Security Deposit and are liable for the remainder of rent, both Fall and Spring Semesters.