Applicant has herewith, or will prior to move in, deposited the sum of an amount equal to, but not limited to, one months rent to Heritage, receipt of which is hereby acknowledged as a non-interest bearing deposit, and not as a rental payment, to be refunded as hereinafter provided if the lease agreement is consummated. Provided, however, that in the event the application is approved, and applicant fails or refuses to enter into the contemplated lease with the owner, then applicant agrees to forfeit the said deposit as liquidated damages to cover the cost of taking and of processing this application, reservation and preparation of the apartment, and the loss of rental income to owners. If, however, in the event this lease agreement is not consummated, is disapproved or for any other reason for which owner is responsible, the deposit will be returned to applicant.