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.
Oregon 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 ...
ORS 90.453 ? Termination by tenant who is victim of domestic violence, sexual assault or stalking.
Section 92.104 of the Texas Property Code describes what a landlord may deduct from a security deposit: Before returning a security deposit, the landlord may deduct from the deposit damages and charges for which the tenant is legally liable under the lease or as a result of breaching the lease.
The landlord has to return the security deposit within thirty (30) days of the termination of the tenancy or itemize any damages and mail any remaining security deposit balance to the tenant.
ORS Chapter 90 deals in the laws for all residential tenancies. There are two main sections. The first half of ORS Chapter 90 Landlord-Tenant laws (ORS 90.100 - 90.493) generally (with a few exceptions) covers all residential tenancies (apartments, park and marina residents, subleases, etc.).
The landlord or the landlord's agent shall notify the tenant within 30 days after the beginning of the lease term of the name and address of the bank or institution where the tenant's deposit is currently located or the name of the insurance company providing the bond.
In Oregon there is no minimum or maximum amount your landlord can charge for the security deposit. A landlord is required to provide a tenant with a receipt for the security deposit. Your landlord does not have to pay you the interest earned on your security deposit.
North Carolina's security deposit law states that security deposits are normally refundable at the end of the agreement term as long as the renter has not violated the terms of the agreement. A common violation that results in a landlord withholding part or all of the security deposit is excessive property damage.
