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.
New Hampshire Clause Providing for the Reduction of the Tenant Security Deposit
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FAQ
Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution or a trust institution authorized to do business in this State, or the landlord may, at the landlord's option, furnish a bond from an insurance company ...
The Lease Deposit shall be held by Lessor as security for the performance by Lessee of Lessee's covenants and obligations under the Lease. The Lease Deposit shall not be considered an advance payment of rental or a measure of Lessor's damages in case of default by Lessee.
The landlord is allowed to adjust the security deposit amount when rent has not been paid or intentional damage has been made to the property. The landlord should refund the balance to the tenant when the property is being vacated.
A landlord cannot require you to pay a security deposit greater than one month's rent or $100, whichever amount is larger. If your landlord demands first and last month's rent, plus a security deposit, this may be a violation of the law. Can my Landlord raise my Security Deposit when he raises my rent? Yes.
Basic Rights: All tenants in New Hampshire are legally entitled to a unit that meets basic health, structural, and safety standards, and that is in good repair. Withholding of Rent: Yes. A tenant may withhold rent if the landlord fails to keep the rental unit in a livable condition.
Within 30 days from when your tenancy ends, your landlord must return your full security deposit, or the portion left after deductions for unpaid rent and/or the cost of repairs. You can sue your landlord in small claims court if you do not get your security deposit back within 30 days.
New Hampshire is a somewhat landlord-friendly state because of the lack of rent control laws.
Lessee shall pay to Lessor simultaneously with the execution of this Lease Agreement a sum zero and 00/100 Dollars ($0,000.00) (the ?Security Deposit?) as security for the full and faithful performance by Lessee of each and every term, covenant and condition of this Lease Agreement.
It prohibits tenants from interfering with other tenants' right to quiet enjoyment, damaging the property, and obstructing the landlord's lawful access to the property. Specific prohibited acts are found in RSA 540-A:3.
