29 Aug 2023
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.
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.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Interested in private Real Estate data? Attorneys working through the recent shifts in the real estate market are encouraged to participate in the Practical Guidance Private Market Data Annual Real Estate Survey. Participants will receive a $25 gift card.*
- Market intelligence for Real Estate attorneys is more important now than ever as the commercial real estate landscape evolves, and landlord, tenant, and lender relationships shift dramatically. The new edition of the Practical Guidance Journal features an in-depth look at this evolution and strategies for adapting to the new normal.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Check out the new Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 24 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
* Offer is void where prohibited by law or by your employer’s policies. Individual must complete the survey in its entirety and in accordance with all instructions by September 30, 2023, to be eligible for gift card offer. Only one gift card, valued at $25, will be given per individual, while supplies last. Employees of any governmental entity are not eligible to participate in this offer. No returns or exchanges. Offer is valid through September 30, 2023. The questionnaire responses will be reviewed for accuracy and relevancy prior to delivery of the gift card. Other restrictions may apply.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+