Resident(s) will pay to Harrington a security deposit amount, specified in the booking transaction page. The security deposit is to secure the room, cover the potential loss, excess cost or damage to Lessor or the premises. Resident(s) may not, without Lessor's prior written consent, apply this security deposit to the last rent or to any other sum due under this Agreement. After Resident(s) have vacated the premises, returned keys, and provided Lessor with a forwarding address, Lessor will give Resident(s) an itemized written statement of the reasons for, and the dollar amount of, any of the security deposit retained by the Lessor, along with a check for any deposit balance. In returning security deposit, a minimum mandatory deduction of $150 will be made in reference to the new linen set fee ($50), move-out cleaning service ($50) and the furniture depreciation deduction ($50).
The deposit will be returned within 21 business days after the end date of the stay, provided that the contractual obligations have been met and Resident(s) ceases the use of the unit in accordance with the Agreement. Other outstanding amounts (if there are any) may also be deducted from the security deposit before it is returned.
If, after booking the room, Resident(s) fails to take possession of the premises or vacates the premises before the term ends, the security deposit will not be returned under any conditions (expect for the Covid-19 policy), and Resident(s) may still be liable for the balance of the rent for the remainder of the term and complying with other terms of the Lease Agreement (please refer cancellation and refund policy above).
Lease extentions, whether with a written confirmation or signing a new contract, will be considered a new bookingfor the purpose of the application of deposit return policy, and failure to undertake the confirmed extension will result in the forfeiture of the security deposit.
Guests who booked for a future date and have already paid a deposit and placement fee, but decided to cancel or postpone their bookings or are exposed to a restriction might be allowed to carry forward their deposits as an in house credit. This credit can be used for a future booking at a later date at any Harrington locations, including Toronto, New York, Washington DC, London and Michigan. The return of the rent payment will be issued in accordance with the general terms.