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Letter to Request Return of Security Deposit Paid for Lease of Premises Fill out the template

Letter to Request Return of Security Deposit Paid for Lease of Premises

Last revision
Last revision 09-11-2018
Formats
Formats Word and PDF
Size
Size 1 page
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Last revision: 09-11-2018

Size: 1 page

Available formats: Word and PDF

Fill out the template

Letter to Request Return of Security Deposit Paid for Lease of Premises

This Letter to Request Return of Security Deposit can be used by a tenant to request the return of a security deposit from a landlord, at the end of a residential tenancy. The letter provides a simple template, enabling the tenant to request that the deposit be paid.

Most landlords require that a security deposit be provided at the time of signing of a lease agreement. The security deposit is a refundable free deposit (ordinarily interest free) which is to be returned at the end of the lease term or termination of tenancy. However, the refund is subject to the tenant returning the leased property in the same condition (normal wear and tear excepted). It is important that the lease agreement should contain clear provisions regarding the security deposit and under what circumstances amounts can be deducted from the security deposit prior to its refund to avoid disputes.

 

How to use this document

Once the letter has been completed, it can be posted, emailed, or hand delivered to the landlord.

The security deposit is not usually returned until after the tenant has vacated the property, so the letter is designed to be provided to the landlord after the tenant has already vacated the property.

The letter should be sent as soon as possible once this has occurred, and should be sent before the tenant commences any legal proceedings seeking a return of the deposit.

 

Applicable Law

Lease deeds in India may be subject to the rent control laws of individual states such as the Maharashtra Rent Control Act, 1999 subject however to the exceptions therein. Rent Control Acts provide some rights and benefits to tenants such as protection against eviction, limits on the rent being charged etc.

Where a property falls under the rent control law, the tenant is may become a statutory tenant. However, usually provisions of the rent control acts apply to where a premises is given on rent for a continous period of 1 year or more. Due to this reason, often landlords prefer to enter into lease agreements for a period of 11 months which provides flexibility in terms of setting the rent and security deposit as per market rates. There are no clear legal provisions on the amount of security deposit to be charged. However, there have been some court verdicts wherein courts have limited the amount of security deposit that can be taken by landlords.

In the event the landlord fails to refund the deposit, legal action can be initiated for recovery of the same by sending a legal notice if the matter cannot be solved amicably.

 

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