Security Deposit Receipt & Disclosure
The Security Deposit Receipt & Disclosure serves as a verification of security deposit payment, and confirms location/interest rate of where it is being held.
Document Last Modified: 5/7/2017
State-Specific See State Specific Clauses
State Specific Clauses
WA State Assist
- The landlord must provide an inspection checklist signed by both parties stating the condition and cleanliness of the premises along with a written rental agreement.
- The landlord must describe in the lease the conditions under which a deposit may be retained.
- The landlord must place the deposit in a trust account in Washington and give the tenant a receipt indicating its location.
IMPORTANT:If any type of fee or refundable deposit is being paid, the agreement must be in writing.
The ezLandlord Forms Security Deposit Receipt and Disclosure will allow the landlord to confirm that he or she received the monies for the security deposit, and record the amount received. The security deposit is an essential bit of insurance for the landlord. These monies can be used at the termination of the tenancy to repair damages left by the vacating tenant. In some cases the landlord may be able to recoup other losses through the use of the security deposit as well.
The form also informs the tenant of where the security deposit is being held during the tenancy, and also indicates what interest rate it will earn, if any. Laws regarding where the deposit may be held may vary by state, so landlords should be careful to be sure they understand their state and local laws regarding security deposits.
A completed Security Deposit Receipt and Disclosure can be accomplished in just a few simple steps, thanks to ezLandlordForms Autofill technology. When completing this form, landlords can select their tenant from a popup window, and all of the pertinent address and mailing information will be automatically included in the final, professional document. The text of this document is also fully editable, and once completed, this document can even be included as part of your ezLandlordForms Lease Package.
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