Security Deposit Return Form Template for Canada

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Key Requirements PROMPT example:

Security Deposit Return Form

"I need a Security Deposit Return Form for a residential apartment in Toronto, with a clean return (no deductions) for a single tenant moving out on March 1, 2025, including standard interest calculations as per Ontario regulations."

Document background
The Security Deposit Return Form is a crucial document in Canadian residential and commercial tenancy management, required when a tenant's lease ends and their security deposit needs to be returned. This document ensures compliance with provincial residential tenancy laws, which typically require landlords to return deposits within a specified timeframe (usually 10-15 days after tenant vacancy) and provide written documentation of any deductions. The form includes critical information such as property details, original deposit amount, accrued interest, itemized deductions if applicable, and final return amount. It serves as legal proof of the deposit return transaction and can be used in dispute resolution proceedings if necessary. Property managers and landlords across Canada use this form to maintain proper records and demonstrate compliance with provincial regulations regarding security deposit handling.
Suggested Sections

1. Property Information: Details of the rental property including full address and unit number if applicable

2. Landlord Information: Full name and contact information of the landlord/property manager

3. Tenant Information: Full name(s) and forwarding address of the tenant(s)

4. Deposit Details: Original security deposit amount and date received, plus any required interest calculations

5. Return Amount: Total amount being returned to tenant after any deductions

6. Payment Method: Specification of how the deposit will be returned (check, bank transfer, etc.)

7. Signatures: Space for both landlord and tenant signatures to acknowledge the return amount

Optional Sections

1. Deductions Breakdown: Itemized list of any deductions made from the deposit, to be included if there are any deductions

2. Dispute Notice: Information about tenant's right to dispute and the process, included if there are any deductions

3. Inspection Details: References to move-out inspection results, included if there were damages or cleaning issues

4. Additional Claims Notice: Statement of landlord's right to pursue additional damages exceeding deposit amount, included if applicable

5. Multiple Tenant Distribution: Breakdown of deposit return among multiple tenants, included when there are multiple tenants

Suggested Schedules

1. Schedule A - Deduction Details: Detailed breakdown of any deductions with supporting documentation

2. Schedule B - Property Inspection Report: Copy of the move-out inspection report if referenced

3. Schedule C - Photographic Evidence: Photos documenting any damage or cleaning issues if deductions are made

4. Schedule D - Repair/Cleaning Invoices: Copies of any invoices or estimates for repairs or cleaning if deductions are made

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

Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Real Estate

Student Housing

Rental Property Management

Property Investment

Property Development

Relevant Teams

Property Management

Leasing

Operations

Tenant Relations

Legal

Finance

Administrative Support

Real Estate Operations

Asset Management

Relevant Roles

Property Manager

Leasing Manager

Real Estate Manager

Building Superintendent

Rental Administrator

Tenant Relations Coordinator

Property Management Director

Lease Administrator

Real Estate Administrator

Operations Manager

Resident Manager

Asset Manager

Property Management Coordinator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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