I & R Management hereby agrees to refund to Resident the security deposit (orso much thereof as may remain after deductions for damages and charges as hereinafter set forth), together with a written descriptionand itemized list of all deductions, if any, within the time permitted by law subject, however, to the following terms and conditions:
- NOTICE: Resident must give written notice of intent to vacate the premises in accordance with paragraph 5 of Lease Agreement.
- FULL TERM: The full term must have expired or been terminated without default by Resident, and Resident must not have heldover. "Holding over" as used herein is defined as failing to vacate on or before the expiration or termination date.
- RENT PAID: At the time of move-out, all rents must be paid in full through the end of Lease Term, renewal period, or extensionperiod. Resident shall not apply or deduct any portion of the security deposit at any time in lieu of payment of rent. If Residentmoves out before Lease Term is complete, even with written notice, under no circumstances will rent be prorated for the lastmonth's rent.
- CLEANING REQUIREMENTS: The residence must have been cleaned thoroughly in accordance with the cleaning instructionsfound below.
- DEDUCTIONS: After inspection by Landlord, appropriate charges will be deducted for any unpaid damages, repairs or missingitems to the property or its contents (beyond normal wear and tear) or to the amenities around the property. If Resident fails toclean in accordance with the cleaning instructions, reasonable charges as stated on Standard Move-out Charges form shall bededucted. It is understood that if Resident has occupied the residence for less than 12 months all costs needed to get residenceready for the next occupant shall be the responsibility of Resident.
- PET CHARGES: Pets are not allowed, even temporarily, without written permission of Landlord. If a pet is kept on the premiseswithout prior written permission, appropriate charges for professional cleaning and pet sanitation will be charged to residentand security deposit will be forfeited.
- SMOKE DAMAGE: Resident shall be responsible for any damage to walls, carpets and all furnishings in Residence caused bysmoking inside the Residence.
- RETURN OF DEPOSIT: After all of the above conditions have been complied with, and lawful deductions have been made, thebalance of the security deposit will be mailed to Resident's forwarding address or addresses, along with an itemized accountingof any deductions within the time permitted by law. DEPOSITS PAID TO HOLD A RESIDENCE WILL BE FORFEITED IFPOSSESSION OF SAID RESIDENCE IS NOT TAKEN.
- INTEREST: Landlord will keep all interest, if any, earned on Resident's security deposit unless otherwise prohibited by law.
- CARPET CLEANING: Resident must have the carpets cleaned by a professional company at the time of move out and provide areceipt to management or Resident will be charged a minimum of $95.00 for carpet cleaning.