Fill and Sign the On the Termination of This Lease Agreement Lessee Shall Forfeit Any Right Title or Interest that Lessee May Have in and to the Form

Security Deposit Agreement Agreement made on the ___ day of __________, 20___, between ____________ of __________________________ (street address, city, county, state, zip code), referred to herein as Doe, and _____________, Inc., a corporation organized and existing under the laws of the state of ______________, with its principal office located at _____________________(street address, city, county, state, zip code), referred to herein as Acme. Whereas, Acme owns that certain apartment located at ________________________ (street address, city, county, state, zip code), and identified as Apartment No. _____; and Whereas, Doe desires to lease said Apartment, but can not move into said Apartment until (Date); and Whereas, Acme is willing to hold said Apartment for Doe until __________ (Date) provided Doe deposits the sum of $________as a security deposit which will be forfeited to Acme should Doe fail to lease said Apartment on or before _______________ (Date); Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. On the execution of this Agreement, Doe shall pay to Acme the sum of $____________ as a security deposit for Acme’s agreement to hold said Apartment for Doe until ____________ (Date). 2. Said deposit shall be refunded to Doe if Doe leases said Apartment on or before _________ (Date), said lease to be in the form and contain the terms as set forth in the document attached hereto as Exhibit A. 3. The security deposit will draw no interest and Acme shall not be obligated to hold the security deposit in a separate fund but may mix the deposit with other funds of Acme. 4. Should Doe fail to lease said apartment as set forth in Paragraph 2 above, the security deposit will be forfeited to Acme as liquidated
Damages; and acme may withhold payment to doe for such forfeited rent or other sums due for the use and occupancy of the said apartment in acme's name. 5. Notwithstanding the foregoing, after the second lease of said unit is signed, acme may agree to extend the time of holding the security deposit to not later than (date). 6. The parties do hereby grant to each other, for purposes of securing compliance with all the conditions of this agreement, a security interest in the premises, and each is obligated to deliver and deliver to the other any and all articles, contents and effects belonging to said premises or any other property or money belonging to said landlord or tenants in his possession. 7. The contents of this agreement shall be construed, construed to be and shall be the whole of this agreement and shall not be modified or superseded. 8. A copy of this agreement shall be filed with the clerk of the court. 8b. (seal) (1) it is intended that the rights and obligations in this agreement, each party having full and free disposition thereof, be binding upon and enforceable against, either party by operation of law or otherwise; provided, however, that this document does not affect any previous agreement between the parties. (2) neither the landlord nor the tenant shall initiate a proceeding to enforce any rights or remedies under this agreement with respect to their use or occupancy of the rental unit, or enforce or obtain the refund of any payments in a prior or subsequent proceeding under this agreement; however, such rights or remedies may be maintained and enforced by enforcement of the right to possess the premises or of any other contractual right in the event that the landlord or tenant breaches or fails to respect the rental agreement and the remedies provided therein. 9. The parties, by this agreement, expressly agree to provide for the deposit of the security and other costs in the absence of mutual consent to the contrary. 10. The parties hereby agree that any payment made by the tenant in an amount in excess of the monthly rent is considered a refund of the security deposit, and is to be collected by acme. 11. In lieu of the parties providing by this agreement for the withholding of security deposits, the tenancy may provide that the tenant is entitled to receive a refund of any money paid by the landlord in excess of the monthly rent. 12. Failure of the parties to provide for the withholding of security deposits in this agreement shall not be deemed a waiver or forfeiture of any such right for the purposes of any contract entered into by the.