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Effective Date: SECURITY DEPOSIT ADDENDUM (SOUTH CAROLINA) The following terms and conditions are incorporated and made a part of the Lease: 1. Security Deposit. On or before the execution of the
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How to fill out security deposit addendum

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How to fill out security deposit addendum

01
Start by downloading a security deposit addendum form.
02
Read the addendum carefully to understand its terms and conditions.
03
Provide the necessary information such as the tenant's name, address, and lease agreement details.
04
Specify the amount of the security deposit being collected.
05
State any additional terms related to the security deposit, such as how it will be held and returned.
06
Have both the landlord and tenant sign and date the addendum.
07
Make copies of the filled-out addendum for both the landlord and tenant.
08
Attach the signed addendum to the original lease agreement for documentation purposes.

Who needs security deposit addendum?

01
Landlords: Landlords who collect a security deposit from their tenants.
02
Tenants: Tenants who are required to provide a security deposit as a condition of their lease agreement.
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Security deposit addendum is a legal document that outlines additional terms and conditions related to the security deposit in a rental agreement.
Landlords and tenants are required to file security deposit addendum when additional terms related to the security deposit need to be added to the rental agreement.
To fill out a security deposit addendum, both the landlord and tenant must agree on the additional terms related to the security deposit and then fill out the document with the specified information.
The purpose of security deposit addendum is to provide clarity and specify additional terms related to the security deposit in a rental agreement, ensuring both parties understand their rights and responsibilities.
Information that must be reported on security deposit addendum includes the amount of the security deposit, any additional fees or charges related to the security deposit, and any specific conditions for the return of the security deposit.
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