Rent and Security Deposit definition

Rent and Security Deposit. The advanced rent is due upon booking a reservation. A Security Deposit of $200.00 is required for each reservation. Only credit card or debit card or cash payments will be accepted prior to check-in. Keyless entry code will be provided with instructions prior to arrival and upon verification that payments have been received and processed. A valid ID may be required at check-in. Cancellation and refund of advanced rent and deposit: In the event you cancel your reservation 14 days or more prior to check-in, renter will receive full refund of all rent and security deposit amounts paid. If cancellation occurs between 7 and 13 days prior to check-in, then renter will receive 50% of advanced rent and 100% of security deposit amounts paid. If cancellation occurs 6 days or less prior to check-in, then no advanced rent amount will be refunded, but 100% security deposit amounts will be refunded. Personal checks will NOT be accepted for rental payments and/or security deposits. Any payments made upon arrival must be in the form of cash or credit/debit cards. The rental agent can accept Visa, Mastercard, American Express, and Discover cards for payments at the premises. Damages and Security Deposit: Renter (Tenant) and any member or guest of Renter’s (Tenant’s) party are responsible for damages that occur during occupancy (except normal wear and tear). Replacement cost of lost or damaged items will be charged to the security deposit. Should cost of replacement or repairs exceed the $200.00 Security Deposit, renter will be responsible for total amount of cost. A $200.00 Security Deposit will be held by Xxxxxx Prospect LLC until the property has been checked for damages or loss. Any outstanding balances will be deducted from the security deposit prior to refund. Deposits will be held for not more than 30 days. Reservations and/or security deposits will be held in an interest-bearing account, with interest accruing solely to Xxxxxx Prospect LLC.
Sample 1
Rent and Security Deposit. For the one-hour wedding ceremony only, a fee of $600.00 will be levied for the use of the Xxxxxx X. Xxxxxx House Museum that includes a $100.00 security deposit. The $100.00 Security deposit will be returned within 10 days after the completion of the event should there be no damage and all terms of the agreement have been met. For the reception only, a fee of $2,000.00 is charged; this includes a $500.00 security deposit which will be returned if there is no property damage and the terms of the agreement have been met. For both ceremony and reception on the lawn, the fee is $2,500.00, which includes a $500.00 security deposit. ATTENDANT FEE: There will be one attendant present at all events. There will be an additional $50.00 charged for each additional attendant that may need to be provided by the Berlin Heritage Foundation, Inc. The attendant’s sole function shall be to see that the terms hereof and all other requirements of Licensor are complied with. REFUNDS: Any request for a refund of the rental fee and security deposit must be made 30 days prior to event. LIABILITY – HOLD HARMLESS: Licensee shall indemnify and hold harmless Licensor on account of any and all claims or losses incurred by Licensor on account of the granting of this license. Licensee may wish to consider an “event” type liability insurance policy. SCHEDULE OF EVENT: A schedule of the event happenings must be filed with the Licensor at least 30 days prior to the event. This schedule should include set-up times, delivery times, rehearsals, and a program of the actual event happenings. Licensee must contact the Berlin Police Department with the date of the event. PARKING: Limited parking is available only as designated in the driveway of the Xxxxxx X. Xxxxxx House Museum with possible additional parking on Xxxxx Street. The driveways of residents on Xxxxx Street must not be blocked at any time. Additional parking for large events could be available at the Municipal Parking lot at the corner of N. Main and West Streets, across the street from the Xxxxxx X. Xxxxxx House Museum. Please ask for information on procedures to follow to use this parking lot.
Sample 1

Examples of Rent and Security Deposit in a sentence

  • Any pets found in the Unit or on the Premises shall be grounds for Landlord and Community fines, possible termination of this Lease and eviction by Landlord, and the forfeit of any remaining Rent and Security Deposit.

  • In the event the Rental Agent breaches this Lease for any reason, except for Lessee’s default or breach, then Lessee’s sole and exclusive remedy under this Lease is the return of any unearned Rent and Security Deposit as Lessee’s sole and exclusive remedy for Rental Agent’s breach hereunder.

  • Violation by Resident shall be sufficient cause for the termination of this Lease by Landlord, and the forfeit of any remaining Rent and Security Deposit.

  • Violation by Resident shall be sufficient cause for the termination of this Lease by Xxxxxxxx, and the forfeit of any remaining Rent and Security Deposit.

  • By execution of this Lease, Landlord acknowledges receipt of Prepaid Rent and Security Deposit.

  • In the event that Landlord fails or refuses to give such consent, this Sublease shall terminate and neither Party shall have any continuing obligation to the other with respect to the Subleased Premises; provided, however, that TEACH shall return the first month’s Rent and Security Deposit, if previously delivered to TEACH.

  • NOTE: A Rental Agreement without the signature of the parties and payment in full of the Rent and Security Deposit is not valid.

  • Lessor may keep any and all Prepaid Rent and Security Deposit amounts to apply towards this remaining balance.

  • Violation by Resident and Co-tenants shall be sufficient cause for the termination of this Lease by Landlord, and the forfeit of any remaining Rent and Security Deposit.

  • If the foregoing contingency is not satisfied, Landlord shall notify Tenant of such within five (5) days after the Contingency Date, and this Lease shall become null and void, Landlord shall return the First Month’s Rent and Security Deposit (together with any interest accrued thereon) to Tenant within five (5) days thereafter and Landlord and Tenant shall be released from all further liability under this Lease.

Related to Rent and Security Deposit

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with NMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Rent Reserve means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located and a Collateral Access Agreement has not been duly executed and delivered by the lessor or bailee at such location, a reserve equal to three (3) month’s rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Administrative Agent in its reasonable discretion.

  • Base Rent As defined in Section 3.1.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.