Security Deposit Receipt

Security deposit limits and return deadlines

These figures come from LeaseCraft's state requirements data, which records the statute it read and the date it was last reviewed. Requirements change, and some cities add rules of their own — verify against the statute before relying on a number here.

Data confidence: partial. LeaseCraft is not a law firm and this is not legal advice. The generator records the figures you enter for your tenancy rather than applying these values automatically.

Best Practices for Security Deposits

For Landlords:

• Provide written receipt immediately upon receiving deposit
• Hold deposits in a separate interest-bearing account (where required)
• Conduct move-in inspection with tenant and document condition
• Keep detailed records of deposit account information
• Return deposit promptly with itemized deduction list

For Tenants:

• Request written receipt at time of payment
• Document the property condition at move-in with photos
• Keep a copy of all receipts and inspection reports
• Provide forwarding address at move-out

Related Documents

• Move-In Inspection Checklist - Document property condition
• Move-Out Inspection Checklist - Compare condition at end of tenancy
• Security Deposit Return Letter - Itemized accounting at move-out
• Security Deposit Calculator - Calculate proper return amount