This office lease clause states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
Alabama Clause Providing for the Reduction of the Tenant Security Deposit
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US-OL4A012B
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How to fill out Clause Providing For The Reduction Of The Tenant Security Deposit?
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Noncompliance with rental agreement; failure to pay rent. An intentional misrepresentation of a material fact in a rental agreement or application may not be remedied or cured.
Code § 35-9A-204 requires the landlord to maintain the property in a safe and habitable condition: Compliance: Obey all building and housing codes that affect health and safety. Repairs: Make all repairs to keep the property safe and habitable. Common Areas: Keep all common areas clean and safe.
Return timeframe: Landlords must adhere to Alabama security deposit laws and return the security deposit within 35 days of lease termination. Deductions: Landlords have the right to make deductions from the security deposit for unpaid rent, damages, and cleaning fees as stated in Alabama security deposit laws.
Section 35-9A-304 - Tenant to Use and Occupy. Tenant to use and occupy. Unless otherwise agreed, a tenant shall occupy the dwelling unit only as a dwelling unit.
(c) If a tenant abandons the dwelling unit, the landlord shall make reasonable efforts to rent it at a fair rental. But such duty shall not take priority over the landlord's right to first rent other vacant units.
§ 35-9A-201. (a) A landlord may not demand or receive money as security, in an amount in excess of one month's periodic rent, except for pets, changes to the premises, or increased liability risks to the landlord or premises, for tenant's obligations under a rental agreement.
Section 35-9A-301 - Tenant to Maintain Dwelling Unit. Tenant to maintain dwelling unit. (7) conduct himself or herself and require other persons on the premises with the tenant's consent to conduct themselves in a manner that will not disturb the neighbors' peaceful enjoyment of the premises.
