Tenant Security Deposit Receipt

The security deposit receipt is a document that serves as an acknowledgment that a tenant has paid their security deposit for their lease. The landlord places it in their bank account (or requests that it’s transferred there directly) then issues the receipt to the tenant. After the lease has ended, either by the landlord, tenant, or from expiration, the security deposit is returned to the tenant. In many cases, the landlord removes a portion of the security deposit to cover the repair costs associated with damages to the property caused by the tenant. 

Tenant security deposit receipt template

Tenant Security Deposit Receipt

While only ten states require security deposit receipts to be issued, it’s good practice to issue them irrespective of where you’re located. This creates a paper trail and keeps your documentation comprehensive. 

As a landlord, it’s important to understand the specific laws associated with security deposits in your state. Many of them limit it to a maximum amount but it varies by state. You can find the state-specific laws for security deposits here

When drafting the receipt, it needs the standard items such as amount, date, name of the tenant, name of the landlord, and signatures. Additionally, it should also have details of the account information and the bank information.

Download our free tenant security deposit receipt in an instant to create a legally binding document.

Download our free tenant security deposit receipt in an instant to create a legally binding document.

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