The Property Manager shall maintain detailed records of all security deposits deposited, and allow the Property Owner or its designees access to such records. Subject to any contrary terms of any Loan Documents, the Property Manager may return such deposits to any tenant in the ordinary course of business in accordance with the terms of the applicable lease and applicable Law. The template above is a very basic form and may not reflect the laws of the state in which your property is located. It is likely that this will serve as a starting point and that additional provisions will need to added by you. Please leave a message here and we will get back to you as soon as possible. In the meantime, many issues can be solved at support.landlordstation.com. The termination of this Agreement under any of the provisions of this Article shall not release either party hereto from liability for breach of this Agreement with respect to the Property based on events theretofore occurring or its indemnification obligations under this Agreement or confidentiality requirements under this Agreement. Upon any termination, the obligations of the parties hereto shall cease with respect to the Property, except that Manager shall not be relieved of its obligations under, and shall comply with, the provisions of this Article. Checks in excess of $25,000 (excluding debt service and those items provided for in the Approved Operating Budget) shall require the prior written consent of Owner. This agreement shall be effective as of the and shall expire on the . Upon expiration of the above initial term, this agreement shall automatically be renewed and extended for a like period of time unless terminated in writing by either party by providing written notice days prior to the date for such renewal.