XIV. SECURITY DEPOSIT. A security deposit in the amount of $2,300.00, which is equal to one month's Rent, shall be required from the Tenant(s) at the execution of this Agreement for the faithful performance of all its terms and conditions ("Security Deposit"). The Security Deposit shall be returned to the Tenant(s) within 15 days after this Agreement has terminated. The Security Deposit shall be returned in full, and in the manner prescribed by state and local laws, upon the end or termination of the Lease Term, unless the Landlord intends on imposing a claim on the Security Deposit for any damages. The Security Deposit shall not be credited towards Rent unless the Landlord gives their written consent.
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