The Security Deposit Return Letter is a crucial document used in Hong Kong's property rental market to formalize the return of security deposits at the end of a tenancy. It serves as both a legal record and practical instrument for concluding the landlord-tenant relationship with respect to the security deposit. This document becomes necessary when a lease agreement terminates and the landlord has completed their final property inspection. The letter should comply with Hong Kong's Landlord and Tenant (Consolidation) Ordinance and related regulations, documenting the original deposit amount, any deductions made (with justifications), and the final amount being returned. It also includes essential details such as payment methods, property references, and inspection findings, providing clear documentation for both parties' records and helping prevent future disputes.
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Key Requirements PROMPT example:
Security Deposit Return Letter
"I need a Security Deposit Return Letter for my residential tenant who is moving out on March 15, 2025, with a full return of their HKD 50,000 deposit as the property is in perfect condition."
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1. Sender's Details: Full name and address of the landlord or property management company
2. Date: Date of the letter
3. Recipient's Details: Full name and address of the tenant
4. Property Reference: Clear identification of the rental property address and unit number
5. Lease Reference: Reference to the original lease agreement, including its date
6. Security Deposit Confirmation: Statement of the original security deposit amount received and date of receipt
7. Return Amount Declaration: Clear statement of the amount being returned
8. Payment Method: Details of how the deposit will be returned (bank transfer, check, etc.)
9. Closure Statement: Formal statement confirming the end of all obligations related to the security deposit
1. Deduction Details: Include when there are any deductions from the security deposit, listing each deduction with justification
2. Property Inspection Results: Include when there is a need to reference the final property inspection findings
3. Outstanding Utilities: Include when there are any utility bill reconciliations affecting the deposit return
4. Interest Calculation: Include when interest has accrued on the deposit and needs to be returned
5. Dispute Resolution Reference: Include when there have been any disputes or disagreements regarding the deposit return
1. Property Inspection Report: Detailed report of the final property inspection, if referenced in the letter
2. Deduction Itemization: Detailed breakdown of any deductions made from the deposit
3. Photographic Evidence: Photos documenting property condition or damages, if applicable
4. Utility Statement Reconciliation: Final utility statements and calculations, if affecting the deposit return
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