Question juridique clé
How to interpret the lease clause stating that tenant investments count as security and pass to the landlord without compensation
Solution extraite
The clause meant that no monetary security deposit was agreed; the tenant's investments were to remain with the landlord without compensation.
Motifs extraits
The parties did not share a subjective understanding, so the clause had to be construed objectively. In context, the wording was inconsistent only if one assumed a refundable security; a reasonable interpretation is that the landlord waived a conventional security deposit in reliance on the tenant's investments.