1 Sharon Drive Security Deposit

It is expressly agreed that the lessees shall deposit with the lessor A SECURITY DEPOSIT EQUAL TO 125% (1 ¼) OF ONE RENTAL PAYMENT. This amount is due at the time of lease. If the full deposit is not paid by the specified due date, monies collected are non-refundable and lessor reserves the right to terminate this agreement and to re-show and re-lease the premises described above. The lessor can also, at their discretion, hold the lessees liable for the entire lease period.