![]() However, unpaid bills, past due rent, or the condition of the property may result in the landlord being entitled to keep a portion of the security deposit. One important task is returning a tenant’s security deposit. When a lease agreement expires, the landlord must finalize several items to comply with the terms of the agreement. The security deposit is commonly provided to secure payment for potential damages the landlord might incur during a tenant’s lease. Why Write a Security Deposit Return Letter?Īt the beginning of a lease, tenants are typically required to provide a refundable security deposit. ![]() Note: Some states require a landlord to provide this letter before withholding any of the tenant’s security deposit. ![]() A Security Deposit Return Letter is a letter sent by a landlord to a tenant indicating how much of the original security deposit is being returned at the end of the tenancy, as well as itemized information for any deductions made.
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