Include Three Items in Security Deposit 'Burn-Off' Right

March 9, 2012
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In a struggling economy tenant defaults are more likely, so don't be surprised if the owner of the building or center where you want to rent space asks for a sizeable security deposit. If this would leave you with less cash flow than you anticipated, you may be able to get your security deposit back from the owner in increments as the lease progresses—that is, by a “burn-off” of your security deposit over time until it's eliminated by the end of the lease term. When negotiating a burn-off right, make sure you put three items in your security deposit clause.

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