Rosewood Property Management Group Security Deposit and Leasing Fees Policy

Security Deposit

1. Upon agreement to lease the property, the Tenant will pay the Landlord a security deposit in an agreed amount (the "Security Deposit").

2. The Landlord will hold the Security Deposit in an interest-bearing account solely designated for security deposits.

3. In the event the tenant should decide NOT to rent the property after placing the deposit, the deposit shall be forfeited, NO EXCEPTIONS.

4. During the lease term or after termination, the Landlord may deduct funds from the Security Deposit for damages to the property as a result of the tenancy.

5. The Tenant may not use the Security Deposit to pay Rent.

6. At the end of the tenancy, the Landlord will return the Security Deposit minus any deductions, provided no charges are assessed for reasonable wear and tear or prohibited deductions under the law.

Cleaning Fee

1. Upon execution of the lease, the Tenant will pay the Landlord a non-refundable cleaning fee of $150.00 (the "Cleaning Fee").

Pet Fee (if applicable)

1. Upon execution of the lease, the Tenant will pay the Landlord a non-refundable pet fee of $150.00 (the "Pet Fee").