Security Deposit Receipt
Security deposit usually is an amount of funds granted to Landlord by Tenant that could be used by legal Landlord for some reasons like: 1) to make up for a Tenant's failure in rent payments, 2) to make up for rent in some case if Tenant not going to live anymore in the property before the end of legal lease term, or 3) for important repairs or cleaning. Most states make limits on amount that would be collected to several months' rent. Provided cap may differ on dependence of type of lease.
You can use the Security Deposit Receipts in following cases:
- You are legal landlord or tenant who have a need to document all details surrounding security deposit.
- Your state obligates you a security deposit receipt.