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.
Utah Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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US-OL4A012A
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FAQ
The Fit Premises Act is the Utah law that governs housing conditions. Under this law, a landlord must provide safe and livable housing. This means the landlord must rent housing that is up to code.
Deductions from deposits payment of rent, damages beyond reasonable wear and tear, cleaning, and. other costs provided for in the contract.
UTAH ? A study conducted by real estate experts at RubyHome using Zillow data from 2020-2023 reveals that rent prices in Utah have increased by 36.46% since 2020. The experts used Zillow data that showed monthly rent prices in each individual state as well as urban areas to form a list of averages across all states.
In Utah, landlords can raise the rent by any amount and for any reason as long as they give proper notice, don't do so during the fixed term of a lease, and aren't doing so for certain discriminatory or retaliatory reasons.
The tenant has the right to dwell in a safe and sanitary housing unit. They have the right to have their dangers and issues responded to in a safe and timely manner. They have the right to quiet contentment and they should be given a reasonable notice before the landlord enters their house or premises.
Also known as fixed rent. In a commercial lease context, the minimum rent due under a lease. Depending on the terms of the lease agreement, a lease with a base rent usually includes an escalation clause for taxes and operating expenses and sometimes a percentage rent clause.
Rent Increase ? Utah does not limit landlords on how much they can increase rent by, or how often. Because there are no rent control laws, landlords may charge whatever they deem acceptable for rent.
If the agreement says nothing about how much notice is required to terminate the tenancy or raise the rent then only 15 days written notice is required as long as it is at least 15 days before the rent is next due.
