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Security Deposit Agreement Form
"I need a Security Deposit Agreement Form under Swiss law for a commercial property in Zurich, with multiple tenants and a third-party guarantor, where the deposit will be equal to three months' rent and held by Credit Suisse."
1. Parties: Identification of the landlord, tenant, and the bank holding the security deposit
2. Background: Reference to the main lease agreement and the legal basis for the security deposit
3. Definitions: Key terms used in the agreement including 'Security Deposit', 'Lease Agreement', 'Rental Property', etc.
4. Amount and Payment of Security Deposit: Specification of the deposit amount (maximum three months' rent under Swiss law) and payment terms
5. Bank Account Details: Information about the dedicated rental deposit account and its management
6. Interest and Charges: Terms regarding interest earned on the deposit and any applicable bank charges
7. Release Conditions: Conditions and process for releasing the security deposit at the end of the lease
8. Rights and Obligations: Responsibilities of each party regarding the security deposit
9. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
10. Signatures: Execution section for all parties including the bank representative
1. Multiple Tenants: Additional provisions for cases with multiple tenants sharing the deposit
2. Third-Party Guarantor: Terms applicable when the deposit is provided by a third party
3. Insurance Alternative: Terms for cases where deposit insurance is used instead of cash deposit
4. Early Release Provisions: Special conditions for early release of the deposit
5. Assignment and Transfer: Provisions for transfer of deposit rights in case of property sale or lease assignment
1. Schedule 1 - Main Lease Agreement Details: Summary of key details from the main lease agreement
2. Schedule 2 - Bank Account Information: Detailed banking information and account specifications
3. Schedule 3 - Identification Documents: Copies of identification documents required by the bank
4. Appendix A - Release Form Template: Standard form for requesting deposit release
5. Appendix B - Bank Terms and Conditions: Standard terms for rental deposit accounts from the bank
Authors
Real Estate
Banking & Financial Services
Property Management
Residential Housing
Commercial Property
Legal Services
Insurance
Property Development
Asset Management
Legal
Real Estate Operations
Property Management
Compliance
Contract Administration
Risk Management
Asset Management
Tenant Relations
Facilities Management
Banking Operations
Property Manager
Real Estate Agent
Legal Counsel
Banking Relationship Manager
Compliance Officer
Lease Administrator
Asset Manager
Property Operations Manager
Real Estate Portfolio Manager
Tenant Relations Manager
Contract Administrator
Risk Manager
Housing Coordinator
Facility Manager
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