Security Deposit Agreement Form for Switzerland
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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."
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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
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