Reducing Tenant Security Deposit Amounts

Landlords may agree to reduce the required security deposit amounts over the course of the lease for non-defaulting creditworthy tenants. To allow for this reduction, burndown provisions are included in commercial leases. Check out this security deposit clause with a burndown provision drafted from the landlord’s perspective. 

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Related Content

• Security Deposit Clause (Letter of Credit) (Commercial Lease) (Pro-Landlord)
  Use this clause when landlords accept security deposits in the form of a bank issued letter of credit guaranteeing a defaulting tenant’s ability to disburse funds.

• Security Deposit Clause (Letter of Credit) (Commercial Lease) (Pro-Tenant)
  Use this security deposit clause with a letter of credit provision, drafted from the tenant’s perspective.

• Security Deposit (Residential and Commercial Leases) State Law Survey
  Refer to this state law survey for statutory provisions governing the amounts, collection, and return of security deposits in residential and commercial rental transactions in each of the 50 U.S. states and the District of Columbia.

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