Are you looking for a free security deposit receipt template? Then save time and effort with our sample receipt for security deposit.
Tenants: Before handing over your security deposit to the landlord, there are two important things you must know:
1. Avoid paying for the security deposit in cash. Preferably you should issue a check payable only to the landlord. This leaves a paper trail proving that the landlord has received your security deposit.
2. When giving the security deposit, prepare two copies of this receipt for security deposit form and arrange to meet the landlord in person. Have the landlord fill up both copies - Keep one copy for yourself and give the other copy to the landlord.
Landlords: Once you receive the security deposit from the tenant, the first thing you must do is to check your security deposit laws - Some jurisdictions require the landlord to hold the deposit in a separate interest-bearing account and pay the tenant interest on security deposit at the end of the lease.
If you're from the United States, Click here to see your state laws for security deposit interest.
*While we make every effort to ensure that our forms are helpful, you must edit them according to your personal needs and local landlord tenant laws. Always seek legal advice when in doubt.
Date (dd/mm/yyyy): _______________
Tenant's Name: ____________________
Address of Rental Unit:
The Landlord hereby acknowledges payment in the amount of $ _______________ from the Tenant as security deposit for the above rental unit.
This security deposit shall be held by the Landlord in accordance to the lease terms and all applicable laws.
Part or whole of this security deposit shall be returned to the Tenant within _____ days of the Tenant vacating the rental unit, after making allowed deductions for unpaid rent, property damages and cleaning expenses beyond normal wear and tear.
Landlord's Name: _________________________
Landlord’s Signature: _________________________