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Tenants landlords a practical Goodyear Friend: This booklet is designed to inform tenants and landlords about their rights and responsibilities in rental relationships. It serves as a useful reference
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How to fill out keeping a security deposit

01
Begin by thoroughly inspecting the rental property before moving in and document any existing damages with photographs or videos.
02
Review the terms of the lease agreement regarding the security deposit, including the amount, conditions for its return, and any deductions that may be made.
03
During your tenancy, make sure to maintain the property in good condition and promptly report any issues or damages to the landlord or property management.
04
When it's time to move out, clean the rental property thoroughly and repair any damages caused by you or your guests. Document these repairs with receipts and photos.
05
Schedule a final walk-through with the landlord or property management and discuss any concerns or deductions that may affect the security deposit.
06
Provide a forwarding address to the landlord for the return of the security deposit and ensure all utility bills and outstanding rent are paid in full.
07
If the security deposit is not returned within the specified time frame or if you disagree with any deductions made, communicate with the landlord in writing and, if necessary, seek legal advice.

Who needs keeping a security deposit?

01
Anyone who wishes to rent a property from a landlord or property management company needs to provide a security deposit.
02
Landlords require a security deposit as a form of financial protection against any potential damages caused by tenants or unpaid rent.
03
Security deposits are commonly requested in residential and commercial rental agreements.
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Keeping a security deposit refers to the practice of holding an amount of money by a landlord or property manager to cover potential damages or unpaid rent.
Landlords or property management companies who collect security deposits from tenants are required to file keeping a security deposit.
To fill out keeping a security deposit, landlords should document the amount, the purpose, any conditions for return, and provide proper receipts to the tenant.
The purpose of keeping a security deposit is to protect the landlord against potential financial loss due to tenant damages or failure to pay rent.
Information that must be reported includes the amount of the deposit, the date it was collected, the conditions under which it may be withheld, and any interest accrued.
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