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Fill and Sign the Clause Providing for the Reduction of the Tenants Security Deposit Form

Fill and Sign the Clause Providing for the Reduction of the Tenants Security Deposit Form

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4A.01[2]b Clause Providing for the Reduction of the Tenant's Security DepositOn the second anniversary of the Commencement Date, the amount of the security deposit required under Section ___ shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided all of the following conditions precedent are met: (a) Tenant is not then in default of the Lease, and (b) Tenant has timely and fully complied with all of its obligations under the Lease, with no default occurring at any time during the period between the Commencement Date and such second anniversary with respect to any of the terms, covenants, or conditions of the Lease on the Tenant's part to be performed or observed, and (c) Tenant has not filed a petition for protection in bankruptcy or under any insolvency law and has not made an assignment for the benefit of creditors and no case in bankruptcy or under the laws of any state naming the Tenant as debtor has been commenced against Tenant.

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The best way to complete and sign your clause providing for the reduction of the tenants security deposit form

Save time on document management with airSlate SignNow and get your clause providing for the reduction of the tenants security deposit form eSigned quickly from anywhere with our fully compliant eSignature tool.

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How to fill out and sign paperwork on iOS

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  • 4.Tap Done -> Save after signing the sample.
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How to fill out and sign forms on Android

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Follow the step-by-step guidelines to eSign your clause providing for the reduction of the tenants security deposit form on Android:

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  • 2.Log in to your account or create it with a free trial, then add a file with a ➕ button on the bottom of you screen.
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