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SAI Form #4093 (2014) 42 O.S. 147.1 FORFEITURE OF CASH DEPOSIT Property Owner vs. Claimant Whereas, on the day of, Address, filed a Mechanic s and Material man s lien statement Page in the records
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How to fill out forfeiture of cash deposit:

01
Obtain the forfeiture of cash deposit form from the relevant authority or institution, such as a landlord or a court.
02
Fill out the form completely and accurately. Provide the necessary details, such as your name, contact information, and the purpose of the cash deposit.
03
Indicate the reason for the forfeiture of the cash deposit. This could be due to a breach of contract, damage to property, or any other valid reason specified in the agreement.
04
Specify the amount of the cash deposit that is being forfeited. This should be clearly stated in the form, including any deductions or fees that are being applied.
05
Attach any supporting documents or evidence, if required. These may include photographs, receipts, or any other relevant documentation that can support your claim for the forfeiture.
06
Read through the completed form to ensure accuracy and clarity. Double-check all the information provided.
07
Sign and date the form, indicating that you understand and agree to the forfeiture of the cash deposit.
08
Submit the completed form to the appropriate authority or institution as instructed. Keep a copy for your records.

Who needs forfeiture of cash deposit?

01
Landlords: Landlords may require forfeiture of cash deposits when tenants breach the terms of the rental agreement or cause damage to the property beyond normal wear and tear.
02
Courts: In legal proceedings, courts may order the forfeiture of a cash deposit if it is deemed necessary to settle a case or compensate for damages incurred.
03
Sellers: When selling items or properties, sellers may request a cash deposit from potential buyers as a guarantee of their intent to purchase. If the buyer fails to follow through with the purchase, the seller may be entitled to forfeit the cash deposit as compensation for their time and effort.
Remember to consult legal professionals or specific guidelines for your jurisdiction to ensure you are following the correct process related to the forfeiture of cash deposits.
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Forfeiture of cash deposit is when a party loses their deposit due to a violation of terms or conditions.
The party who is in violation of terms or conditions and stands to lose their deposit.
The forfeiture of cash deposit form must be filled out accurately and completely, detailing the reasons for the forfeiture.
The purpose of forfeiture of cash deposit is to provide consequences for not adhering to terms or conditions set forth in an agreement.
The information required to be reported on a forfeiture of cash deposit includes the amount of the deposit, the reason for forfeiture, and any relevant details.
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2014 Oklahoma Claimant Materialmans foregoing FORFEITURE accrued forfeited SAI certify lien unpaid deposited

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