Security deposit protects contractual performance; refundable only if tenant causes damage, injury or breaches tenancy obligations. A security deposit is an advance to secure faithful performance and to cover essential functions or repairs; entitlement to refund depends on whether the depositor has caused damage, injury or default or breached the tenancy or contractual terms. The concept also embraces analogous funds such as a Client Security Fund to address losses from dishonest professional conduct.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Security deposit protects contractual performance; refundable only if tenant causes damage, injury or breaches tenancy obligations.
A security deposit is an advance to secure faithful performance and to cover essential functions or repairs; entitlement to refund depends on whether the depositor has caused damage, injury or default or breached the tenancy or contractual terms. The concept also embraces analogous funds such as a Client Security Fund to address losses from dishonest professional conduct.
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