Security Deposit Clause On A Lease Agreement

[Ruel K.]

I am renewing my tenant's condo lease. The security deposit carries over to the new lease. I have worded it this way:

On signing this Agreement, the Tenant’s security deposit of $2,000 from the 2017 lease is carried over to this 2018 lease agreement.

I just need feedback if that is good enough. Any suggestions and feedback is appreciated. Thanks.