<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<meta name="Generator" content="Microsoft Word 14 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
        {font-family:Calibri;
        panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
        {font-family:Tahoma;
        panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
        {font-family:Verdana;
        panose-1:2 11 6 4 3 5 4 4 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
        {margin:0in;
        margin-bottom:.0001pt;
        font-size:11.0pt;
        font-family:"Calibri","sans-serif";}
a:link, span.MsoHyperlink
        {mso-style-priority:99;
        color:blue;
        text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
        {mso-style-priority:99;
        color:purple;
        text-decoration:underline;}
p
        {mso-style-priority:99;
        mso-margin-top-alt:auto;
        margin-right:0in;
        mso-margin-bottom-alt:auto;
        margin-left:0in;
        font-size:12.0pt;
        font-family:"Times New Roman","serif";}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
        {mso-style-priority:99;
        mso-style-link:"Balloon Text Char";
        margin:0in;
        margin-bottom:.0001pt;
        font-size:8.0pt;
        font-family:"Tahoma","sans-serif";}
span.EmailStyle17
        {mso-style-type:personal;
        font-family:"Calibri","sans-serif";
        color:windowtext;}
span.EmailStyle18
        {mso-style-type:personal;
        font-family:"Arial","sans-serif";
        color:windowtext;
        font-weight:normal;
        font-style:normal;}
p.a47e84f1-e458-4920-bbf7-a8ba6fd8a50e, li.a47e84f1-e458-4920-bbf7-a8ba6fd8a50e, div.a47e84f1-e458-4920-bbf7-a8ba6fd8a50e
        {mso-style-name:a47e84f1-e458-4920-bbf7-a8ba6fd8a50e;
        mso-margin-top-alt:auto;
        margin-right:0in;
        mso-margin-bottom-alt:auto;
        margin-left:0in;
        font-size:12.0pt;
        font-family:"Times New Roman","serif";}
span.style1
        {mso-style-name:style1;}
span.BalloonTextChar
        {mso-style-name:"Balloon Text Char";
        mso-style-priority:99;
        mso-style-link:"Balloon Text";
        font-family:"Tahoma","sans-serif";}
span.EmailStyle24
        {mso-style-type:personal-reply;
        font-family:"Calibri","sans-serif";
        color:#1F497D;}
.MsoChpDefault
        {mso-style-type:export-only;
        font-size:10.0pt;}
@page WordSection1
        {size:8.5in 11.0in;
        margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
        {page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1027" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="blue" vlink="purple">
<div class="WordSection1">
<p class="MsoNormal"><span style="color:#1F497D">Eric is right on<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Marc Stephen Shuster<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Berger Singerman LLP<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">1450 Brickell Avenue, Ste 1900, Miami, FL 33131<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">office: 305-982-4080 | cell: 954-257-9059<o:p></o:p></span></p>
<p class="MsoNormal"><u><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue"><a href="mailto:mshuster@bergersingerman.com"><span style="text-decoration:none">mshuster@bergersingerman.com</span></a></span></u><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">
<o:p></o:p></span></p>
</div>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> landten-bounces@lists.flabarrpptl.org [mailto:landten-bounces@lists.flabarrpptl.org]
<b>On Behalf Of </b>Eric.Rapkin@akerman.com<br>
<b>Sent:</b> Thursday, April 10, 2014 2:56 PM<br>
<b>To:</b> landten@lists.flabarrpptl.org<br>
<b>Subject:</b> Re: [RPPTL LandTen] Burn off provision<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:black;layout-grid-mode:line">Here's one possible way to do it, there are definitely other ways (and if it's a commercial lease and the deposit is in the form of a Letter of Credit, there needs to be additional language
 to detail how the Letter of Credit will be reduced):<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black;layout-grid-mode:line"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black;layout-grid-mode:line">If no default, or event which, with the passing of time or giving of notice would constitute a default, exists under this Lease as of the end of
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><br>
</span><span style="font-size:7.0pt;font-family:"Verdana","sans-serif";color:crimson"><a href="http://www.akerman.com/bios/vcard.asp?id=574"><span style="color:crimson;text-decoration:none">vCard</span></a> |
<a href="http://www.akerman.com/bios/bio.asp?id=574"><span style="color:crimson;text-decoration:none">Bio</span></a>
</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><a href="http://www.akerman.com/"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif""><o:p></o:p></span></a></span></p>
<p class="a47e84f1-e458-4920-bbf7-a8ba6fd8a50e"><span style="font-size:7.5pt;color:black;background:white"><a href="http://www.akerman.com/"><span style="color:black;text-decoration:none"><img border="0" width="258" height="84" id="_x0000_i1025" src="http://www.akerman.com/akermansig.jpg"><span class="style1"><o:p></o:p></span></span></a></span></p>
<p class="MsoNormal"><span class="style1"><span style="font-size:7.5pt;font-family:"Times New Roman","serif";color:black;background:white"><o:p> </o:p></span></span></p>
<p class="a47e84f1-e458-4920-bbf7-a8ba6fd8a50e"><span class="style1"><span style="font-size:7.5pt;font-family:"Arial","sans-serif";color:black;background:white">CONFIDENTIALITY NOTE: The information contained in this transmission may be privileged and confidential,
 and is intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If
 you have received this transmission in error, please immediately reply to the sender that you have received this communication in error and then delete it. Thank you.
</span></span><o:p></o:p></p>
<p class="a47e84f1-e458-4920-bbf7-a8ba6fd8a50e"><span style="font-size:7.5pt;color:black;background:white"><br>
</span><span class="style1"><span style="font-size:7.5pt;font-family:"Arial","sans-serif";color:black;background:white">CIRCULAR 230 NOTICE: To comply with U.S. Treasury Department and IRS regulations, we are required to advise you that, unless expressly stated
 otherwise, any U.S. federal tax advice contained in this transmittal, is not intended or written to be used, and cannot be used, by any person for the purpose of (i) avoiding penalties under the U.S. Internal Revenue Code, or (ii) promoting, marketing or recommending
 to another party any transaction or matter addressed in this e-mail or attachment.</span></span><span style="font-size:7.5pt;color:black;background:white"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black;background:white;layout-grid-mode:line">_________ (__) months after the Commencement Date (the "First Reduction Date"), then Landlord will return $_________ of the Security Deposit to Tenant, and the remaining $_________
  shall continue to be held by Landlord as security for Tenant's obligations under this Lease as provided herein.  In addition, if no default, or event which, with the passing of time or giving of notice would constitute a default, exists under this Lease as
 of the end of _________ (__) months after the Commencement Date (the "Second Reduction Date"), then Landlord will return an additional $_________  of the Security Deposit to Tenant, and the remaining $_________  shall continue to be held by Landlord as security
 for Tenant's obligations under this Lease as provided herein.  If a default, or event which, with the passing of time or giving of notice would constitute a default, exists under this Lease as of the First Reduction Date or the Second Reduction Date, as applicable,
 so that Tenant is not entitled to the reduction at such time, then the reduction of the Security Deposit may take place once the default or event is cured.</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black;background:white"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black;background:white"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><b><span style="font-size:7.5pt;font-family:"Verdana","sans-serif";color:black;background:white">Eric D. Rapkin</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black;background:white"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Verdana","sans-serif";color:black;background:white">Akerman LLP | Las Olas Centre II, Suite 1600 | 350 East Las Olas Boulevard | Fort Lauderdale, FL 33301-2999</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black;background:white"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Verdana","sans-serif";color:black;background:white">Dir: 954.759.8962 | Main: 954.463.2700 | Cell: 305.343.6129 | Fax: 954.847.5350</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black;background:white"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Verdana","sans-serif";color:red;background:white"><a href="mailto:eric.rapkin@akerman.com">eric.rapkin@akerman.com</a></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black;background:white"><o:p></o:p></span></p>
</div>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black;background:white"> </span><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black;background:white"><o:p></o:p></span></p>
<div>
<div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black;background:white">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black;background:white">
<a href="mailto:landten-bounces@lists.flabarrpptl.org">landten-bounces@lists.flabarrpptl.org</a> [<a href="mailto:landten-bounces@lists.flabarrpptl.org">mailto:landten-bounces@lists.flabarrpptl.org</a>]
<b>On Behalf Of </b>Anthony J. Horky<br>
<b>Sent:</b> Thursday, April 10, 2014 2:34 PM<br>
<b>To:</b> 'RPPTL Landlord Tenant Committee'<br>
<b>Subject:</b> [RPPTL LandTen] Burn off provision<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><span style="color:black;background:white"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black;background:white">Hello Members.  Is anyone familiar with a “security deposit burn-off provision”?  If so, I’d appreciate it if you could direct me to information regarding such a provision.  Thank you. 
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black;background:white"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black;background:white">Regards, <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black;background:white"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td width="117" valign="top" style="width:87.7pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:-4.1pt;margin-bottom:0in;margin-left:-216.9pt;margin-bottom:.0001pt">
<b><o:p> </o:p></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:-4.1pt;margin-bottom:0in;margin-left:-216.9pt;margin-bottom:.0001pt">
<!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f">
<v:stroke joinstyle="miter" />
<v:formulas>
<v:f eqn="if lineDrawn pixelLineWidth 0" />
<v:f eqn="sum @0 1 0" />
<v:f eqn="sum 0 0 @1" />
<v:f eqn="prod @2 1 2" />
<v:f eqn="prod @3 21600 pixelWidth" />
<v:f eqn="prod @3 21600 pixelHeight" />
<v:f eqn="sum @0 0 1" />
<v:f eqn="prod @6 1 2" />
<v:f eqn="prod @7 21600 pixelWidth" />
<v:f eqn="sum @8 21600 0" />
<v:f eqn="prod @7 21600 pixelHeight" />
<v:f eqn="sum @10 21600 0" />
</v:formulas>
<v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect" />
<o:lock v:ext="edit" aspectratio="t" />
</v:shapetype><v:shape id="Picture_x0020_1" o:spid="_x0000_s1026" type="#_x0000_t75" alt="AJH Logo mark" style='position:absolute;left:0;text-align:left;margin-left:4.05pt;margin-top:21.05pt;width:87pt;height:46.1pt;z-index:251659264;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:9pt;mso-wrap-distance-top:0;mso-wrap-distance-right:9pt;mso-wrap-distance-bottom:0;mso-position-horizontal:absolute;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:text;mso-width-percent:0;mso-height-percent:0;mso-width-relative:margin;mso-height-relative:margin'>
<v:imagedata src="cid:image001.png@01CF54CD.4A7145C0" o:title="AJH Logo mark" />
<w:wrap type="square"/>
</v:shape><![endif]--><![if !vml]><img width="116" height="61" src="cid:image003.png@01CF54CD.4A7145C0" align="left" hspace="12" alt="AJH Logo mark" v:shapes="Picture_x0020_1"><![endif]><b><o:p></o:p></b></p>
</td>
<td width="466" valign="bottom" style="width:349.7pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormalCxSpMiddle" style="margin-left:-6.5pt;mso-add-space:auto"><b>Anthony J. Horky, Esquire<o:p></o:p></b></p>
<p class="MsoNormalCxSpMiddle" style="margin-left:-6.5pt;mso-add-space:auto">Anthony J. Horky, P.A.<o:p></o:p></p>
<p class="MsoNormalCxSpMiddle" style="margin-left:-6.5pt;mso-add-space:auto">2255 Glades Road, Suite 324A<o:p></o:p></p>
<p class="MsoNormalCxSpMiddle" style="margin-left:-6.5pt;mso-add-space:auto">Boca Raton, Florida 33431<o:p></o:p></p>
<p class="MsoNormalCxSpMiddle" style="margin-left:-6.5pt;mso-add-space:auto">T: 561.989.3206<o:p></o:p></p>
<p class="MsoNormalCxSpMiddle" style="margin-left:-6.5pt;mso-add-space:auto">F: 561.989.3204                   
<o:p></o:p></p>
<p class="MsoNormalCxSpMiddle" style="margin-left:-6.5pt;mso-add-space:auto"><a href="http://www.horkylaw.com">www.horkylaw.com</a><o:p></o:p></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
</td>
</tr>
<tr>
<td width="583" colspan="2" valign="top" style="width:437.4pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">This message and the documents attached to it, if any, are intended only for the use of the addressee and may contain information that is attorney-client
 privileged or confidential, and/or may contain attorney work product.  If you are not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited. If you have received this communication in error, please
 delete all electronic copies of this message and its attachments, if any, destroy any hard copies you may have created and notify me immediately at:
</span><a href="mailto:ahorky@horkylaw.com" target="_blank"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">ahorky@horkylaw.com</span></a><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">.</span><span style="font-size:9.0pt"><o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">-------------------------------------------------------</span><span style="font-size:9.0pt"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:-4.5pt;text-align:justify"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">Tax Advice Disclosure: To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you that any U.S.
 federal tax advice contained in this communication (including any attachments), unless otherwise specifically stated, was not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2)
 promoting, marketing or recommending to another party any matters addressed herein.</span><span style="font-size:9.0pt"><o:p></o:p></span></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span style="color:black;background:white"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black;background:white"><o:p> </o:p></span></p>
</div>
</body>
</html>