Get Right to Increase Security Deposit After Key Events

Get Right to Increase Security Deposit After Key Events



Security deposits are essential for commercial real estate owners to protect their interests when leasing space to tenants. That’s because a security deposit can be used in a number of ways to minimize the effect when a tenant doesn’t meet its lease obligations. But a security deposit amount that seems adequate at the start of the lease may not cover damages from a tenant’s breach later.

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