3) DEPOSIT : Tenant agrees to pay a deposit in the amount of 55,000.-BHT on 18th of December 2013. For the period of occupation this deposit will be a damage/security deposit and is not apply to the rent. The owner agrees to refund this deposit to the tenant within 15 days at the completion of the agreement, provided no damages or charges are assessed, and no other amounts are due to the owner. The damage/security deposit will be forfeited if this rental agreement is cancelled or terminated prior to taking occupancy.