Document background
The Security Deposit Receipt is a mandatory document in most Canadian provinces for acknowledging the receipt of funds provided by a tenant as security against potential damages or unpaid rent. This document is required whenever a landlord or property manager receives a security deposit from a tenant, whether for residential or commercial properties. The receipt must include specific information as required by provincial legislation, such as the amount received, date of receipt, property details, and terms of deposit return. It serves multiple purposes: providing proof of payment for the tenant, documenting the landlord's obligations regarding the deposit, and ensuring compliance with provincial tenancy laws. The document should be prepared in accordance with the specific requirements of the applicable provincial Residential Tenancies Act or similar legislation.
