Security Deposit Return Receipt Template

man-holding-security-deposit-return-receipt A security deposit return receipt is a written record of a payment from a landlord to a former tenant that represents the tenant’s initial security deposit. Landlords collect security deposits when a new tenant moves into a rental unit. They use security deposits to pay the expenses from property damage, missing amenities, and back rent when the tenant eventually moves out of the unit. This receipt can break down those costs as deposit deductions. 

The average rating is 0/5, for null votes.
Rating star - 0
Rating star - 1
Rating star - 2
Rating star - 3
Rating star - 4

(No Ratings Yet)

Security Deposit Return Rules

When a tenant ends a lease with rent paid in full, all amenities intact, and no damage to the property, the landlord must return the entire security deposit. If a tenant causes damage to property or amenities, they can handle repairs on their own before ending their lease. The tenant controls what contractors conduct the repairs and, therefore, what budget will be spent on said repairs. They should keep all repair receipts for proof of costs.  It’s wise for a tenant to attend their move-out inspection and even take their own photographic evidence of the state of the rental unit before the inspection. This way, they can dispute their landlord’s claims of damage or missing items if the landlord decides to withhold any or all of their security deposit wrongfully.

Getting Back a Security Deposit

Some ways to avoid losing money on a security deposit are:

  • Attending the move-out inspection;
  • Handing necessary cleaning, maintenance, and repairs before moving out;
  • Leaving no belongings behind in the unit;
  • Returning the keys in person at the move-out inspection; and
  • Taking quality care of a rental unit for the duration of a lease.

Interest on Security Deposits

Sometimes a security deposit account accumulates interest. This receipt is an excellent place to reflect accumulated interest over the life of the account. Some states require landlords to pay accrued interest annually for multi-year leases.

Table: When to Return a Security Deposit

State Days Statute
Alabama 60 days 35-9A-201(b)
Alaska 4 days (tenant leaves on-time); 30 days (tenant leaves late) § 34.03.070(g)
Arizona 14 days § 33-1321(D)
Arkansas 60 days § 18-16-305
California 21 days § 1950.5(g)(1)
Colorado 30 days is standard; 2 months can be negotiated in a lease agreement § 38-12-103
Connecticut Immediately upon lease termination for disabled and senior citizens § 47a-22a
Delaware 20 days § 5514(e)
Florida 30 days (with deductions); 15 days (without deductions) § 83.49(3)(a)
Georgia 1 month § 44-7-34
Hawaii 14 days § 521-44(c)
Idaho 30 days (if stated in lease); 21 days (if not stated in lease) § 6-321
Illinois 30 days (with deductions); 45 days (without deductions) 765 ILCS 710/1(a)
Indiana 45 days § 32-31-3-12
Iowa 30 days § 562A.12(3)(a)
Kansas 30 days § 58-2550(b)
Kentucky 60 days § 383.580(7)
Louisiana 1 month Revised Statute 9:3251
Maine 30 days (fixed-period leases); 21 days (tenancies-at-will) § 6033
Maryland 45 days § 8-203(e)(1)
Massachusetts 30 days § 15B(4)
Michigan 30 days § 554.609
Minnesota 3 weeks § 504B.178
Mississippi 45 days § 89-8-21
Missouri 30 days § 535.300(3)
Montana 30 days (with deductions); 10 days (without deductions) § 70-25-202
Nebraska 14 days § 76-1416(2)
Nevada 30 days NRS 118A.242(4)
New Hampshire 30 days § 540-A:7(I)
New Jersey 30 days § 46:8-21.1
New Mexico 30 days § 47-8-18(D)
New York 14 days § 7-108 (e)
North Carolina 60 days (with deductions); 30 days (without deductions) § 42-52
North Dakota 30 days § 47-16-07.1(3)
Ohio 30 days § 5321.16(B)
Oklahoma 45 days § 41-115(B)
Oregon 31 days § 90.300(12)
Pennsylvania 30 days § 250.512
Rhode Island 20 days § 34-18-19(b)
South Carolina 30 days § 27-40-410(a)
South Dakota 45 days (with deductions); 14 days (without deductions) § 43-32-24
Tennessee 30 days § 66-28-301(a)
Texas 30 days § 92.103
Utah 30 days § 57-17-3(2)
Vermont 60 days (seasonal properties); 14 days (all other leases) § 4461
Virginia 45 days § 55.1-1226(A)
Washington 21 days § 59.18.280
Washington, D.C.  45 days  14 § 309
West Virginia Immediately § 37-6A-2
Wisconsin 21 days § 134.06(2)
Wyoming Whichever is lesser: 30 days from lease termination or 15 days from receiving the tenant’s new forwarding address § 1-21-1208(A)