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Making a Security Deposit Receipt
A security deposit is an amount of money that a tenant gives a landlord, in addition to the first month's rent, before moving into a new rental. Unlike rent, a security deposit is held by the landlord and is typically only used under certain circumstances, including: (a) to make up for a tenant's failure to pay rent, (b) to make up for rent if a tenant leaves the property before the end of the lease term, or (c) to pay for necessary repairs and cleaning after the tenant has moved out.
Some states require the landlord give a tenant a receipt for the security deposit. This Security Deposit Receipt is an important document that landlords can use as part of their rental management routine.
A Security Deposit Receipt provides proof that payment of a security deposit was made and received by the landlord, and it documents the amount that was paid, when it was paid, who made the payment, and the method of payment. The receipt usually ties the security deposit payment to the address of the rental premises and to the lease between the tenant and the landlord.
If you are a landlord and you wish to make a receipt for the payment of a security deposit, you may use the Security Deposit Receipt document offered on this page. If you are looking for a way to create a receipt for the payment of rent, you can create your own Rent Receipt using the Rocket Lawyer Rent Receipt document.
Keeping a record of rent payments is made easy with a Rent Receipt, a document which provides proof of rent payment for the tenant and a record of income for the landlord.
Creating a Security Deposit Return Letter is a fairly straightforward process. In just a few minutes, you can complete a Security Deposit Return Letter online through Rocket Lawyer and confirm that the security deposit was returned to your tenant while explaining any deductions that may have been made from the deposit.