This form is a tenant oriented office lease clause that 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.
Nebraska Tenant Oriented Clause Providing for the Reduction of the Tenant Security Deposit: In Nebraska, tenants have specific rights regarding their security deposit. Landlords must adhere to the laws outlined in the Nebraska Residential Landlord and Tenant Act, which includes provisions for the reduction or return of the tenant's security deposit. One type of Nebraska tenant-oriented clause that provides for the reduction of the tenant security deposit is the "Early Lease Termination Clause." This clause allows tenants to terminate their lease agreement early, under certain circumstances, without facing the full forfeiture of their security deposit. Another type is the "Repair and Deduct Clause." This provision allows tenants to deduct the cost of necessary repairs from their security deposit if the landlord fails to address maintenance issues within a reasonable time frame. However, tenants must follow specific procedures and provide proper notice to the landlord before utilizing this clause. Additionally, there is the "Pro-Rated Refund Clause." This clause entitles tenants to a prorated refund of their security deposit if they choose to vacate the rental property before the lease term ends. The amount refunded is typically determined based on the number of days remaining in the lease agreement. The "Security Deposit Dispute Resolution Clause" is also a relevant provision in Nebraska's tenant-oriented clauses. This clause outlines the process for resolving any disputes or disagreements between the tenant and landlord regarding the security deposit. It may require mediation or arbitration to reach a resolution. Keywords: Nebraska, tenant-oriented, clause, reduction, security deposit, early lease termination, repair and deduct, pro-rated refund, dispute resolution, Residential Landlord and Tenant Act.
