What is a Compensation – Security Deposit OR Retainer clause?..
This is a negotiable point and reference should be made to applicable leasing legislation. Most leases will contain a clause which provides that if the landlord notices a breach or default in the lease, it may (upon notice to the tenant, or as required in the lease) avail itself of the funds from the security deposit to remedy such breach or default. The tenant will usually be obligated to top up the security deposit (to the original amount) within a certain period of time.
Blogs related to this clause:
Can emails be considered confidential information, and therefore can come under the obligation to return or destroy?
June 1 2017
COURT ORDERS DELETION OF CONFIDENTIAL EMAILS Pakage Apparel Inc [...]
September 3 2015
Links from this article:Read the article here [...]