# RENT DEPOSIT DEED
Date: 4 September 2033
Parties: Northmere Estates Ltd, Brightforge Kitchens Ltd and Westborough Bank plc
## 1. Purpose and parties
This deed is made on 4 September 2033 between Northmere Estates Ltd (Landlord), Brightforge Kitchens Ltd (Tenant) and Westborough Bank plc (Deposit Holder). It relates to the lease dated 4 September 2033 of Unit 7, Northmere Works, Leeds LS10 2QJ, and records security for the Tenant's obligations; it does not itself grant a lease.
## 2. Facts, scope and terms
The Tenant has paid £36,000 to the Deposit Holder, equal to six months' initial basic rent of £6,000 per month. The Deposit Holder holds that sum in a client account and owes the parties the duties expressly stated here; the sum is not rent and the Tenant receives no interest unless the parties agree otherwise in writing.
## 3. Process and responsibilities
The Landlord may request a payment from the deposit for unpaid rent, service charge, repair costs beyond fair wear and tear, or another sum properly due under the lease. Before requesting it, the Landlord must give the Tenant reasonable details and at least 10 business days to dispute or pay, except where urgent protection of the premises is reasonably required.
## 4. Evidence, records and safeguards
The Deposit Holder may release money only on joint written instructions, a final court order, an arbitral award accepted by the parties, or the procedure in this deed. It must notify both parties of a request, hold disputed money pending resolution, and pay an undisputed amount within five business days after written agreement.
## 5. Review, escalation and outcome
If £8,400 is properly paid out for a permitted deduction, the remaining deposit will be £27,600. The Tenant must restore it to £36,000 within 15 business days after notice; if it does not, the shortfall is a debt and the Landlord may use remedies under the lease without treating this deed as a waiver.
## 6. Reservations and practical protections
After the lease ends, the Tenant has given vacant possession and all known liabilities are paid or resolved, the Landlord must notify the Deposit Holder within 20 business days. Subject to unresolved claims notified with reasonable particulars, the Deposit Holder will return the balance to the Tenant within 10 business days.
## 7. England and Wales law and completion
This deed is governed by the law of England and Wales and is delivered on the date above. It does not contract out of any mandatory law, including applicable trust, insolvency, consumer or data-protection rules. The parties have executed it as a deed through their authorised signatories, and independent legal advice is recommended.