Free Refundable Deposit Agreement

This Refundable Deposit Agreement is entered into on [Date], between [Your Name], with an address at [Your Company Address] ("Landlord"), and [Tenant's Name], with an address at [Tenant's Address] ("Tenant").

1. Purpose

This Agreement outlines the terms and conditions governing the deposit of a certain amount of money that is refundable under specified circumstances.

2. Amount and Purpose of Deposit

The Tenant agrees to deposit the sum of [Amount] with the Landlord to secure the rental property located at [Your Company Address].

3. Conditions for Refund

The Deposit Amount shall be refunded to the Tenant under the following conditions:

• Upon termination of the tenancy agreement by its terms and conditions.

• Subject to deductions for any damages to the property beyond normal wear and tear, unpaid rent, or outstanding charges as specified in the lease agreement.

• The Landlord agrees to refund the Deposit Amount within [number] days of the termination of the tenancy agreement, subject to the conditions outlined in this Agreement.

4. Penalties for Breach of Terms

In the event of a breach of any terms of this Agreement by either Party, the non-breaching Party shall be entitled to pursue legal remedies available under applicable laws.

5. Governing Law

This Agreement shall be governed by and construed by the laws of [State/Country], without regard to conflicts of laws principles.

6. Entire Agreement

This Agreement constitutes the entire agreement between the Landlord and Tenant concerning the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.

7. Signatures

The Parties hereby execute this Agreement as of the date first above written.

[Tenat's Name]

[Your Name]

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