What is the security deposit for rental

The security deposit for rental is typically one month's rent for every 12 months of the lease term. It is stated in the Letter of Intent but is not payable until the Tenancy Agreement is signed. When the lease term ends, the security deposit will be refunded without interest, but the landlord reserves the right to deduct any costs, damages, and expenses arising from the tenant breaching any covenants stated in the Tenancy Agreement.