Security Deposit Disposition Form Template for Australia

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Key Requirements PROMPT example:

Security Deposit Disposition Form

"I need a Security Deposit Disposition Form for a commercial property in Sydney, where the tenant is vacating on March 15, 2025, and we need to document multiple deductions for property damage and unpaid utilities."

Document background

The Security Deposit Disposition Form is a crucial document in Australian property management that facilitates the formal process of returning or retaining a tenant's security deposit at the conclusion of a lease agreement. This document is required by various state residential tenancy authorities and must comply with state-specific legislation regarding bond handling and return procedures. It typically comes into use during the final stages of a tenancy, after the final inspection has been completed and any potential deductions have been identified. The form captures essential information including property details, parties involved, deposit amount, inspection results, any agreed deductions, and payment instructions. It serves as both a legal record and a practical tool for property managers and landlords to ensure compliance with Australian tenancy laws while providing clear documentation of the security deposit disposition process.

Suggested Sections

1. Property and Lease Information: Details of the rental property address and the original lease agreement reference numbers and dates

2. Party Details: Full legal names and contact information for both landlord/agent and tenant(s)

3. Security Deposit Details: Original security deposit amount, date paid, and bond lodgment number

4. Inspection Results: Summary of the final inspection results and property condition

5. Disposition Decision: Clear statement of whether the deposit will be returned in full or partially

6. Payment Instructions: Details of how and when the deposit will be returned, including bank account details for electronic transfer

7. Signatures and Date: Execution section for all parties to sign and date the form

Optional Sections

1. Deductions Section: Used when there are claims against the deposit, detailing each deduction amount and reason

2. Dispute Declaration: Include when there is disagreement about deductions, outlining the dispute resolution process

3. Forwarding Address: Section for tenant to provide their new address for future correspondence

4. Agent Authorization: Include when a property manager or agent is acting on behalf of the landlord

5. Multiple Tenant Distribution: Used when security deposit needs to be split between multiple tenants

Suggested Schedules

1. Schedule A - Deduction Itemization: Detailed breakdown of any deductions with specific costs and reasons

2. Schedule B - Supporting Evidence: Photos, receipts, or quotes supporting any deductions claimed

3. Schedule C - Final Inspection Report: Copy or summary of the final property inspection report

4. Appendix 1 - Tenant Rights Information: Standard information sheet about tenant rights regarding security deposit returns

5. Appendix 2 - Dispute Resolution Procedures: Information about the process for disputing deductions or lodging complaints

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Identification
Property Details
Deposit Amount
Inspection Results
Deduction Authorization
Return of Deposit
Payment Instructions
Dispute Resolution
Representations and Warranties
Release and Indemnity
Notice Requirements
Execution
Governing Law
Severability
Entire Agreement
Assignment
Time of Essence
Authority

Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Student Housing

Property Investment

Legal Services

Financial Services

Relevant Teams

Property Management

Leasing

Legal

Compliance

Operations

Asset Management

Tenant Relations

Administrative Support

Finance

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Coordinator

Property Management Director

Compliance Officer

Legal Counsel

Tenancy Manager

Bond Administrator

Asset Manager

Facilities Manager

Residential Leasing Manager

Property Administrator

Operations Manager

Find the exact document you need

Request Deposit Back Letter

An Australian jurisdiction formal letter requesting the return of a rental bond or security deposit from the relevant authority or landlord.

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Security Deposit Disposition Form

Authors

Alex Denne

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