17. Rental Deposit: The Lessee shall pay a deposit equivalent to three (3) month’s gross rental to the Lessor less any amount as the Agreement Deposit. The rental deposit will consist of the one month agreement deposit and a further payment of two months’ rental deposit to total three months. The Rental Deposit and Agreement Deposit shall be paid right after signing the Building Reservation Agreement or on taking possession of the building to decorate. The Rental Deposit shall be retained by the Lessor until the expiry of this lease, the vacation of the Premises by the Lessee and the complete discharge of the Lessee’s obligations to the Lessor arising from the lease. Upon discharge of all the Lessee’s obligations and all amounts payable by the Lessee to the Lessor, the Rental Deposit will be refunded or the Lessee shall be entitled to set off the Rental Deposit against rent or other amount payable by the Lessee. The rental deposit will be returned to the potential lessee within 30 days upon lease expiry.
18. Fitting-out Deposit: The Lessee must pay the security deposit of decoration for the Lessor on taking possession of the building to decorate and the Lessor will be refunded upon the termination of the lease, the Lessee shall reinstate the premises to the condition that it was in at Handover.