Get the free Security Deposit Disposition Letter - North Dakota Housing - ndhfa

(Property Letterhead) DATE: TENANT NAME: ADDRESS: DEAR THE FOLLOWING IS A LIST OF ITEMS THAT WERE CLEANED, REPAIRED, OR REPLACED AS A RESULT OF YOUR OCCUPANCY AND THE DOLLAR AMOUNTS THAT ARE BEING

How to fill out security deposit disposition letter

How to fill out security deposit disposition letter:

1. Start by including your name, address, and contact information at the top of the letter.
2. Next, address the letter to the landlord or property management company.
3. Include the date on the top right-hand side of the letter.
4. Begin the letter with a salutation, such as "Dear [Landlord's Name]".
5. In the first paragraph, clearly state the purpose of the letter - to document the disposition of the security deposit.
6. Provide the specific address of the rental property and mention the dates of the lease agreement.
7. Include any relevant details about the security deposit, such as the amount and the method used for payment.
8. Proceed to list the deductions, if any, that are being made from the security deposit. Be sure to explain each deduction thoroughly and provide supporting documentation if possible.
9. If any portion of the security deposit is being returned to the tenant, specify the amount and the method of repayment.
10. Close the letter with a polite conclusion and your signature.
11. Keep a copy of the letter for your records and send the original via certified mail with a return receipt requested.

Who needs security deposit disposition letter?

1. Tenants: If you are a tenant who is moving out of a rental property and expects to receive a portion of your security deposit back, you would need a security deposit disposition letter.
2. Landlords or property management companies: If you are a landlord or property management company, it is important to provide a security deposit disposition letter to your tenants to outline the deductions made from their security deposit and to inform them of any remaining amount being refunded.

By following these steps, tenants and landlords can effectively fill out a security deposit disposition letter and ensure a clear and transparent communication regarding the return of the security deposit.

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What is security deposit disposition letter?

The security deposit disposition letter is a document provided to the tenant by the landlord detailing how the security deposit was handled at the end of the lease.

Who is required to file security deposit disposition letter?

Landlords or property managers are required to file the security deposit disposition letter.

How to fill out security deposit disposition letter?

The security deposit disposition letter should include details on deductions made from the security deposit, any remaining balance to be returned to the tenant, and an explanation of any damages or cleaning fees.

What is the purpose of security deposit disposition letter?

The purpose of the security deposit disposition letter is to inform the tenant of how their security deposit was used and to provide a transparent record of any deductions and charges.

What information must be reported on security deposit disposition letter?

The security deposit disposition letter must include details on deductions, remaining balance, and any explanations for charges made against the security deposit.