Model Lease Clause: Set Out Right to Increase Security Deposit

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Information about Model Lease Clause: Set Out Right to Increase Security Deposit
Real Estate

Published on February 23, 2014

Author: VendomeRealEstateMedia

Source: slideshare.net

Description

You can adapt the following security increase clause for your leases to get the right to increase the security deposit if certain potentially costly events occur. Using the clause in your leases will also establish how much you can increase the security deposit by and when the increase must be paid by the tenant. It will also give you the right to terminate the lease if the tenant fails to pay the increase on time. Show this clause to your attorney before using it.

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