Security Deposit Return Form Template for Malaysia

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Key Requirements PROMPT example:

Security Deposit Return Form

"I need a standard Security Deposit Return Form for my residential property in Kuala Lumpur, where I'm returning the full deposit amount to a tenant who has maintained the property well and is moving out on March 15, 2025."

Document background
The Security Deposit Return Form is an essential document in Malaysian property management and rental transactions, used when a tenant vacates a property and the landlord is ready to return the security deposit. This document is crucial for maintaining clear records and preventing future disputes, particularly in the context of Malaysian property law and tenant rights. It includes detailed information about the original deposit, any deductions made, the final return amount, and signatures from all relevant parties. The form should comply with Malaysian contract law requirements and local property regulations, providing a legally sound record of the transaction and release of obligations between parties.
Suggested Sections

1. Date and Location: The date and place where the form is being executed

2. Party Details: Full names, identification numbers, and contact details of both landlord and tenant

3. Property Information: Complete address and description of the rental property

4. Original Deposit Details: Amount of security deposit initially paid and date of payment

5. Property Inspection Results: Brief summary of the final property inspection findings

6. Return Amount Calculation: Breakdown of the deposit amount being returned, including any deductions

7. Payment Method: Details of how the deposit will be returned (bank transfer, check, cash)

8. Confirmation and Release: Statement confirming the return of deposit and mutual release of obligations

9. Signatures: Space for both parties to sign and date the form

Optional Sections

1. Deduction Justification: Detailed explanation of any deductions made from the deposit, with supporting evidence - include when deductions are being made

2. Dispute Resolution: Process for resolving any disagreements about the deposit return - include when dealing with contentious returns

3. Witness Section: Space for witness details and signatures - include when additional verification is desired

4. Outstanding Utility Payments: Section detailing any pending utility bills or adjustments - include when final utility bills are pending

5. Forwarding Address: New address of the tenant for future correspondence - include when tenant is moving to a new location

Suggested Schedules

1. Schedule A - Property Inspection Report: Detailed inspection report documenting the condition of the property at move-out

2. Schedule B - Photographic Evidence: Photos of the property condition at move-out, if any damages or issues are noted

3. Schedule C - Deduction Receipts: Copies of receipts or estimates for repairs or cleaning if deductions are made

4. Schedule D - Original Deposit Receipt: Copy of the original deposit payment receipt for reference

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 Property

Student Housing

Corporate Housing

Retail Space Rental

Industrial Property Rental

Hospitality

Professional Services

Relevant Teams

Property Management

Legal

Finance

Operations

Tenant Relations

Asset Management

Compliance

Administrative Services

Accounts Receivable

Real Estate Operations

Relevant Roles

Property Manager

Real Estate Agent

Leasing Administrator

Property Administrator

Facilities Manager

Legal Counsel

Tenant Relations Manager

Building Manager

Asset Manager

Operations Manager

Property Accountant

Compliance Officer

Housing Officer

Lease 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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