Lease Agreement Cost Deductions

Summary

If a lease is signed, costs like administrative or processing fees may be deducted from the tenants deposit. If the lease isnt signed, generally no costs are incurred. However, its important to review the specific terms of the agreement to ensure there are no additional clauses or fees. For detailed information on lease agreements in Queensland, consider consulting a local real estate attorney.

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what does "in the event the lessee does execute the lease, costs will be deducted from the deposit" mean
Hi Sarah! This means that if the tenant (lessee) signs the lease agreement, any costs incurred (like administrative fees, processing fees, etc.) will be taken out of the security deposit provided by the tenant.
Do you need any more details regarding this lease agreement?
so if lease isnt signed no costs will incurr
Hi Sarah! Correct, if the lease isn't signed, generally no costs will be incurred. However, it's best to review the specific terms of the agreement to ensure there are no additional clauses or fees. Would you like more detailed information on lease agreements in Queensland?