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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Thank you everyone. I have been asked to speak on this issue as part of my presentation on commercial evictions, but from the responses (which I thank you for) it does not appear to be a related topic. It seems to be more on the transaction side of negotiating the terms of a commercial lease. However, I will be speaking on Security Deposits vs. letters of Credit so the information you are providing is helpful. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>Regards, <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><table class=MsoTableGrid border=1 cellspacing=0 cellpadding=0 style='border-collapse:collapse;border:none'><tr><td width=117 valign=top style='width:87.7pt;border:none;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">
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</v:shapetype><v:shape id="_x0000_s1027" 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:251661312;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'>
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</v:shape><![endif]--><![if !vml]><img width=116 height=61 src="cid:image003.png@01CF54D2.7118CDB0" align=left hspace=12 alt="AJH Logo mark" v:shapes="_x0000_s1027"><![endif]><b><o:p></o:p></b></p></td><td width=466 valign=bottom style='width:349.7pt;border:none;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;border:none;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></table><p class=MsoNormal><o:p> </o:p></p></div><p class=MsoNormal><o:p> </o:p></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>Marc Shuster<br><b>Sent:</b> Thursday, April 10, 2014 2:51 PM<br><b>To:</b> RPPTL Landlord Tenant Committee<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:#1F497D'>Are you asking for form language or just the concept ? that is, the notion that as the lease goes on and tenant is in compliance, the security deposit or a portions thereof begin to come back to tenant so landlord is less secured (under theory that tenant has proved its reliability)<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"'> <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><o:p> </o:p></p><p class=MsoNormal>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></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Regards, <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><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: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'>
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</v:shape><![endif]--><![if !vml]><img width=116 height=61 src="cid:image003.png@01CF54D2.7118CDB0" 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></table><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>