The Tenant shall pay the Landlord rent of [RENT AMOUNT] per month, payable on the [DAY] of each month. The Tenant shall also pay a security deposit of [DEPOSIT AMOUNT], which will be refunded at the end of the lease term, subject to the terms of this Agreement. UTILITIES The Tenant...
It is quite understandable for a landlord to want to protect himself against possible damages by demanding the highest security deposit allowed by law, or that he thinks he can reasonably charge. Landlords can face stiff penalties if they overcharge: up to three times the amount overcharged plus ...
you are liable to refund $390 of my deposit. Today’s date is YYYY/MM/DD, and I have received no word from you. Therefore, I will expect my deposit in the amount of $390 by YYYY/MM/DD. If I
Rent and Payment Terms: Rent amount, due date, and payment frequency. Security Deposit: Amount and refund conditions. Utilities and Expenses: Clarification on who pays for utilities and additional expenses. Maintenance and Repairs: Responsibilities for property upkeep. Rules and Restrictions: Any specif...
For example, Alaska dictates that landlords may collect the equivalent of 2 months rent if the monthly rent is under $2,000 but an unlimited amount if rent is above $2000. (AS 34.03.070) Separate Bank Account for Security Deposit. Some state laws require landlords keep security deposit fund...
10、itUp on signing of this Lease Agreement by both Parties, Party B shall pay Party A the security deposit with amount of US$ 3,000 (Three Thousand US Dollars Only).The Deposit shall not be used to pay for rental fee, but will be refunded to Party B at the end of the Term as ...
If a rental item is discounted, the discounted price is used for the Deposit Amount. Once a deposit is added to a check, you cannot void neither rental items nor their discounts. If the closed check containing the deposit is on an offline workstation, you cannot refund the deposit. ...
Failure to Comply:A bad faith claim or retention by a landlord may subject the landlord to statutory damages of up to twice the amount of the security deposit, in addition to actual damages. (Civ. Code §§ 1950.5(l)) California Lease, Rent & Fees: ...
Afterward, set the security deposit amount to a reasonable amount that covers your potential losses and conditions. Then, you must provide further details and updates to your details to include the additional deposit feature in advance. This ensures that the renters will be notified of the needed...
–Rent amount, payment frequency, and due dates. –Deposit amount and details of a government-approved deposit protection scheme. –Rights and responsibilities of both the landlord and tenant. –Any additional terms and conditions agreed upon. ...