Am about to sign a tenancy agreement.
I was worried about the wordings concerning the forfeiture of security deposit.
In the agreement it reads:
"If the Tenant shall commit a breach of any of the terms and conditions herein contained, this Agreement shall absolutely terminate and the Security Deposit paid under this clause shall be absolutely forfeited to the Landlord as and for liquidated damages (but not as penalty) and the rights and remedies given to the Landlord by this clause shall not prejudice any other right of action or any remedy of the Landlord in respect of such breach by the Tenant."
I understand this as meaning that my whole 2 months' security deposit is forfeited when I inflict the slightest damage to the flat -say I break a kitchen cabinet door, I lose two months' rent.
My agent says this is just a standard clause and nobody has ever commented on it. I don't really want to get into changing standard agreements because I know things can get complicated and I don't want to needlessly annoy my landlord upfront.
Am I overly suspicious?
Anyone any experience with this?