This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
A Hawaii Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent is a specific provision included in rental agreements or leases in the state of Hawaii. This clause enables landlords to periodically increase the amount of security deposit collected from tenants to reflect any increase in the base rent. This type of clause is designed to protect landlords from potential damages or costs that may arise due to rent increases over time. By adjusting the security deposit amount, the landlord can ensure that it adequately covers any potential financial risks associated with higher rent. There are different types of Hawaii Clauses Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent that can be specified in rental agreements. These may include: 1. Fixed Percentage Increase: This type of clause allows for a specific percentage increase in the security deposit whenever the landlord increases the base rent by a certain amount. For example, if the base rent increases by 5%, the security deposit would also increase by 5%. 2. Fixed Dollar Increase: In this case, the clause specifies a fixed dollar amount for increasing the security deposit whenever there is an increase in the base rent. For instance, if the base rent increases by $100, the security deposit would increase by the same amount. 3. Formula-Based Increase: Some rental agreements may include a more complex formula that determines the increase in the security deposit based on the percentage or dollar amount of the rent increase. This formula could be predefined in the lease or determined at the time of the rent increase. It's important to note that the specific terms and conditions of the Hawaii Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent may vary depending on the rental agreement and the landlord's preferences. Tenants should carefully review and understand this clause before signing a rental agreement to ensure they are aware of any potential increase in their security deposit amount and the associated conditions.
