Download Security Deposit Release Form - Singapore

Security Deposit Release Form for Singapore

Security Deposit Release Form Template for Singapore

A Security Deposit Release Form is a legal document used in Singapore to formally document the return of a security deposit from a landlord to a tenant at the end of a tenancy agreement. The document provides protection for both parties by clearly stating the amount returned, any deductions made, and confirming that both parties agree to the terms of the release. It complies with Singapore's tenancy laws and provides a legal record of the transaction.

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What is a Security Deposit Release Form?

The Security Deposit Release Form is a crucial document used in Singapore's property rental market when concluding a tenancy agreement. It serves as formal documentation of the security deposit return process, protecting both landlord and tenant interests. The form should be used when a tenant vacates a property and the landlord agrees to return the security deposit, either in full or partially. It includes essential details such as property information, deposit amount, any deductions made, and confirmation that both parties agree to the terms of release. This document helps prevent future disputes and provides clear evidence of the transaction's completion under Singapore law.

What sections should be included in a Security Deposit Release Form?

1. Property Details: Address and identification of the property subject to the deposit release

2. Parties Information: Full legal names and addresses of landlord and tenant

3. Deposit Amount: Statement of original security deposit amount and date paid

4. Release Declaration: Formal statement declaring the release of security deposit and mutual discharge of obligations

5. Property Condition Statement: Confirmation of satisfactory property condition upon final inspection

What sections are optional to include in a Security Deposit Release Form?

1. Deductions Section: Itemized list of any deductions made from the security deposit with explanations

2. Utility Settlement: Confirmation of settlement of all utility bills and outstanding payments

3. Keys Return: Confirmation of return of all keys and access devices

4. Dispute Resolution: Terms for resolving any future disputes regarding the release

What schedules should be included in a Security Deposit Release Form?

1. Schedule A - Property Inspection Report: Detailed report documenting the condition of the property at the time of release

2. Schedule B - Photographic Evidence: Dated photographs showing the condition of the property

3. Schedule C - Utility Bills: Copies of final utility bills showing full settlement

4. Schedule D - Deduction Receipts: Receipts or invoices supporting any deductions made from the deposit

Authors

Alex Denne

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

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Real Estate
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Property Manager
Real Estate Agent
Leasing Manager
Property Administrator

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Security Deposit Receipt

A Singaporean legal document acknowledging receipt of security deposits, detailing terms for residential or commercial transactions.

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What is a Security Deposit Release Form?

What sections should be included in a Security Deposit Release Form?

What sections are optional to include in a Security Deposit Release Form?

What schedules should be included in a Security Deposit Release Form?

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Alex Denne

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