The Rental Deposit Form serves as a crucial document in Singapore's property rental market, providing legal protection for both landlords and tenants. It's typically used at the commencement of a tenancy agreement to document the security deposit payment, which usually amounts to one or two months' rent. The form includes essential details such as the property information, deposit amount, conditions for return, and permitted deductions. It must comply with Singapore's residential tenancy laws and regulations, particularly regarding deposit handling and return timeframes. This document is especially important given Singapore's active rental market and the significant value of security deposits involved.
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1. Parties: Details of landlord and tenant including full names, identification numbers, and contact information
2. Property Details: Full address and description of the rental property subject to the deposit
3. Deposit Amount: Specific amount of deposit paid, payment method, and date of payment
4. Purpose of Deposit: Clear statement of what the deposit covers and permissible deductions
5. Return Conditions: Terms, conditions and timeline for deposit return, including inspection requirements
1. Interest Terms: Terms regarding any interest accrual on deposit and how it will be handled
2. Third-Party Guarantor: Details and obligations of any guarantor involved in the rental agreement
3. Special Conditions: Any additional terms specific to the property or arrangement
1. Property Condition Report: Detailed documentation of property condition at the start of tenancy, including photographs
2. Inventory List: Comprehensive list of furnishings and items covered by the deposit
3. Bank Details Schedule: Account information for deposit payment and return, including bank name, account number, and swift code
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