The Use of a Deposit Receipt for Leasing a Property
For tenants that are going to rent a property, usually, they will have to pay some kind of bond or deposit money to the landlord first. The deposit money will be given back to the tenant when they are going to leave the property and not going to live there anymore providing that the property is in a good condition just like when they move in. After they have paid their deposit, the landlord will give them a deposit receipt as proof of payment for the bond of the property too. You will have to keep the receipt for future use just in case you are not going to be living in the property anymore and request for the bond money to be returned.
Deposit Receipt :
If there is something that needs to be fixed inside the property, there are 2 options that can be done. If the tenants want to fix the broken parts inside the property, then once done, the landlord can check the damages. For all damaged properties that are already fixed and the condition is just like when the tenants move into the property, then the bond can be returned 100%. Another option is if the tenants don’t want to fix the damages, then the landlord will need to count the total amount needed to fix the damages. After that, the bond that was given at the beginning will be deducted by the fee to fix the damages. Lastly, you will still have to show the deposit receipt to the landlord as proof that they have paid the bond early before they move in at the beginning. To see an example of this kind of receipt, you can download one at the bottom of this page too.
Deposit Receipt Template | PDF – download