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1. Parties: Identifies all parties to the agreement: the original landlord (if applicable), the tenant/sublandlord, and the subtenant
2. Background: Outlines the context of the sublease arrangement and the purpose of the deposit agreement
3. Definitions: Defines key terms used throughout the agreement including 'Deposit', 'Sublease Term', 'Property', etc.
4. Deposit Amount and Payment: Specifies the deposit amount, payment method, and due date
5. Purpose of Deposit: Details what the deposit covers (e.g., security for property damage, last month's rent, etc.)
6. Holding of Deposit: Explains how and where the deposit will be held, including any interest-bearing requirements
7. Conditions for Return: Specifies the conditions that must be met for the deposit to be returned
8. Deposit Deductions: Lists circumstances under which deductions may be made from the deposit
9. Return Process: Details the timeline and process for returning the deposit
10. Dispute Resolution: Outlines the process for resolving any disputes related to the deposit
11. Governing Law: Specifies the applicable provincial law governing the agreement
1. Interest on Deposit: Required in provinces where interest must be paid on deposits; specifies interest rate and payment terms
2. Original Landlord Acknowledgment: Include when the original landlord needs to acknowledge and approve the deposit arrangement
3. Insurance Requirements: Include when specific insurance coverage is required as part of the deposit arrangement
4. Property Condition: Include when the deposit is specifically tied to property condition requirements
5. Multiple Subtenant Provisions: Include when there are multiple subtenants sharing responsibility for the deposit
6. Early Termination Provisions: Include specific provisions for deposit handling in case of early termination
1. Schedule A - Property Inspection Report: Detailed documentation of property condition at the start of sublease
2. Schedule B - Payment Details: Banking or payment processing information for deposit payment and return
3. Schedule C - Deposit Calculation: Breakdown of deposit amount including any applicable taxes or fees
4. Appendix 1 - Photo Documentation: Photographic evidence of property condition (if applicable)
5. Appendix 2 - Original Lease Reference: Relevant excerpts from the original lease agreement affecting the deposit
6. Appendix 3 - Deposit Return Checklist: Itemized list of conditions that must be met for deposit return
Property
Original Lease
Sublease
Deposit
Security Deposit
Last Month's Rent Deposit
Landlord
Original Tenant
Sublandlord
Subtenant
Sublease Term
Commencement Date
Termination Date
Interest Rate
Business Day
Property Manager
Permitted Use
Damage
Normal Wear and Tear
Return Period
Notice
Utilities
Common Areas
Provincial Tenancy Laws
Residential Tenancy Act
Inspection Report
Banking Details
Force Majeure
Governing Law
Interest Calculation
Deposit Return
Property Inspection
Damage Assessment
Default and Remedies
Dispute Resolution
Notice Requirements
Assignment and Transfer
Compliance with Laws
Severability
Entire Agreement
Amendment
Force Majeure
Governing Law
Indemnification
Insurance
Liability
Termination
Confidentiality
Representations and Warranties
Authority
Survival
Waiver
Time of Essence
Counterparts
Real Estate
Property Management
Residential Housing
Commercial Real Estate
Student Housing
Corporate Housing
Rental Property Management
Short-term Rentals
Legal
Property Management
Real Estate Operations
Residential Services
Compliance
Administrative Services
Tenant Relations
Risk Management
Document Management
Operations
Property Manager
Real Estate Agent
Leasing Coordinator
Tenant Relations Manager
Housing Administrator
Legal Counsel
Compliance Officer
Rental Administrator
Residential Services Manager
Lease Administrator
Property Management Director
Real Estate Operations Manager
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