Read the document to make sure it meets your needs and that everyone involved agrees with the Rent Deposit Deed. Check that the landlord and tenant details, and also the property address are correct. Remember that if you have any questions you can easily Ask a lawyer.
The Rent Deposit Deed is a special type of contract called a 'deed'. This means it must be signed in a special way:
Print a copy for each of the landlord(s) and the tenant(s) (the parties).You must print a copy of your deed and sign it physically. Deeds can legally be signed using electronic signatures, but extra care must be taken when signing electronically to ensure that all of the formalities for the execution of the particular type of deed are met. This Rent Deposit Deed is, therefore, designed to be signed by hand (ie ‘wet-signed’) to ensure that it is executed correctly. You cannot sign online.
The landlord(s) and tenant(s) must sign over their name at the bottom of the Rent Deposit Deed.
Any witnesses must sign and add their name, address and occupation directly underneath the signature of the party they are witnessing. The witnesses must not be related to the person they are witnessing, must have mental capacity and must not be under the age of 18.
When you are ready to complete the Rent Deposit Deed, write the date at the top of the deed next to 'DATE' This can be the same date as the one on the lease.
The landlord(s) and tenant(s) should store away safely their own signed copy of the Rent Deposit Deed.
A copy of your Rent Deposit Deed will be stored automatically in your Rocket Lawyer account ‘Dashboard’.