Are you in need of a Forfeit Security Deposit Letter Sample? Look no further! Below, you will find examples of Forfeit Security Deposit Letter Samples that you can use and customize to fit your specific situation.
Explanation of Forfeit Security Deposit Letter Sample
When tenants fail to meet the terms of their lease agreement, landlords may need to take action to protect their rights and property. In such cases, landlords may need to send a Forfeit Security Deposit Letter to inform tenants of their decision to retain part or all of their security deposit. This letter serves as a formal notification and outlines the reasons for the forfeiture of the security deposit.
- Non-payment of rent
- Damage to the property beyond normal wear and tear
- Violation of lease terms
- Early termination of the lease agreement
Forfeit Security Deposit Letter Sample
Dear [Recipient’s Name],
This letter is to inform you that we have decided to retain your security deposit in the amount of [insert amount] due to the following reasons:
1. Non-payment of rent for the months of [insert months]
2. Damage to the property, including [describe damages]
As per the terms of your lease agreement, the security deposit may be used to cover unpaid rent and damages beyond normal wear and tear. Therefore, we are deducting the necessary amount from your security deposit.
We request that you vacate the premises by [insert date] and return all keys to us. Please be advised that failure to comply may result in further legal action.
Sincerely,
[Your Name]
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![50 Effective Security Deposit Return Letters [MS Word] ᐅ TemplateLab](https://i1.wp.com/templatelab.com/wp-content/uploads/2019/03/security-deposit-return-letter-07-790x1022.jpg "Forfeit Security Deposit Letter Sample")
50 Effective Security Deposit Return Letters [MS Word] ᐅ TemplateLab
![50 Effective Security Deposit Return Letters [MS Word] ᐅ TemplateLab](http://templatelab.com/wp-content/uploads/2019/03/security-deposit-return-letter-05.jpg?w=790 "Forfeit Security Deposit Letter Sample")
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