Are you in need of a Security Deposit Disposition Letter Sample? Look no further! Below, you will find examples of Security Deposit Disposition Letter Samples that you can use and modify as needed.
Explanation of Security Deposit Disposition Letter Sample
When a tenant moves out of a rental property, the landlord is typically required to return their security deposit within a certain timeframe. However, there are situations where the landlord may need to withhold a portion of the deposit to cover damages or unpaid rent. In such cases, the landlord must provide the tenant with a Security Deposit Disposition Letter detailing how the deposit was used.
- The purpose of the Security Deposit Disposition Letter is to inform the tenant about the deductions made from their security deposit.
- It helps in maintaining transparency and avoiding any disputes between the landlord and the tenant.
- The letter should clearly outline the reason for withholding a portion of the deposit and provide an itemized list of deductions.
Example of Security Deposit Disposition Letter Sample
Dear [Recipient’s Name],
This letter serves as a formal notice regarding the disposition of your security deposit for the property located at [Address]. After conducting a thorough inspection of the premises following your move-out on [Date], we have identified several damages that require repair.
As per the terms of your lease agreement, we are withholding a portion of your security deposit to cover the following expenses:
- Replacement of broken window in the living room – $200
- Repainting of walls in the bedroom due to excessive scuff marks – $150
- Carpet cleaning to remove stains in the dining area – $100
After deducting the above expenses, the remaining balance of your security deposit in the amount of $500 will be refunded to you within [Number] days. Please feel free to contact us if you have any questions or require further clarification.
Sincerely,
[Your Name]
Signature: ____________________
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