Refundable Security Deposit definition

Refundable Security Deposit is the sum agreed between the Owner and the Agent; a returnable deposit payable by the Guest to cover any breakages, damages or minor repairs to the Property which may be incurred during the Holiday Let.

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Refundable Security Deposit meanss an interest free, refundable security deposit amount equivalent to 9 (nine) months of Year 1 MMG Amount which will be trued up annually, prior to commencement of each License Year, during the License Period.

Refundable Security Deposit means amount collected on refundable basis as security deposit calculated at actuals (currently estimated at the rate of Rs. [•]/- per square foot carpet area of the Shop/Office Unit),.

Examples of Refundable Security Deposit in a sentence

• A $100 Refundable Security Deposit is required at the time the key is checked out.

• Upon the expiration of this Lease and in the event that some but not all of the current residents to this Lease sign a renewal lease, and should the non-renewing residents to this Lease, who are vacating, demand the timely disposition of the Refundable Security Deposit placed on this Lease, as set forth more particularly in above paragraph 2, said deposit shall be disposed in accordance with applicable Virginia law and the aforesaid paragraph.

• In such event, however, any renewing residents and/or those residents to be added to a renewal lease may be required to tender to the Landlord sufficient funds to fully restore the Refundable Security Deposit to its originally stated total amount to be held by the Landlord as security for the faithful performance by such residents of all of the terms of said renewal lease and the Policies and Procedures Handbook.

• As security for payment of this Lease, I give you a security interest in the Refundable Security Deposit.

• Basic Rental Fee $ (as calculated on page 8) Upgrades $ (as calculated on page 8) Down Payment Due: $ (The down payment must be received to hold the date) Damage Refundable Security Deposit Due (This is not the down payment.

• If the Equipment is lost, stolen, damaged, destroyed, or if I fail to return the Equipment to you at the end of the Lease, you have the right to apply the Refundable Security Deposit to reduce the amount I owe, in addition to whatever other rights you may have at law or equity.

• The payment of either the Refundable Security Deposit, or the Damage / Loss Waiver, is designed to cover only one incident of a substantial nature at any one time; in case of loss or damage to equipment of significant value such as outboard engine or dinghy, the charterer will have the right to an immediate replacement whilst on charter, provided that the he pays a new Refundable Security Deposit immediately upon receipt of replacement or repair.

• If I give You a security interest in a Refundable Security Deposit and the Equipment is lost, stolen, damaged, destroyed, or if I fail to return the Equipment to You at the end (termination) of the EQUIPMENT RENTAL (LEASE) AGREEMENT, You have the right to apply the Refundable Security Deposit to reduce the amount I owe.

• The Agent will deduct the cost of extra cleaning and/or breakages from the Refundable Security Deposit and forward the balance to the Guest.

• Further, I acknowledge and understand that no interest will be paid on the Refundable Security Deposit I give to You.

More Definitions of Refundable Security Deposit

Refundable Security Deposit is the sum payable by the Guest to cover any breakages, damages or minor repairs to the Apartment which may be incurred during the Stay.

Refundable Security Deposit. A refundable security deposit of $150 is required for all non-catered events. This deposit is refundable within 10 business days after the event if the facility is returned in the same condition, with no damages or excessive cleaning required. Any damages or violation of terms may result in forfeiture of all or part of the deposit.