Security Deposit Refund Form

Security Deposit Refund Form Template for Saudi Arabia

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Key Requirements PROMPT example:

"I need a Security Deposit Refund Form for a residential apartment in Riyadh, Saudi Arabia, where the tenant is moving out in March 2025 and there are minor deductions for repairs to be made from the original deposit."

Document background

The Security Deposit Refund Form is a crucial document used in Saudi Arabia's property rental market to formalize the return of security deposits at the end of lease terms. This document becomes necessary when a tenant vacates a property and requests the return of their security deposit, typically after the final property inspection has been conducted. The form serves multiple purposes: it documents the original deposit amount, records any deductions for damages or unpaid dues, calculates the final refund amount, and provides payment instructions. Compliant with Saudi Arabian property laws and financial regulations, including the Saudi Tenancy Law and SAMA guidelines, this form helps prevent disputes by clearly documenting the refund process and maintaining transparency between all parties involved.

Suggested Sections

1. Document Title and Date: Clear identification of the document as a Security Deposit Refund Form with the current date

2. Property Details: Full address and description of the rental property, including any unique identifiers or reference numbers

3. Parties Information: Complete details of both landlord and tenant, including full names, contact information, and official ID numbers

4. Original Deposit Information: Details of the initial security deposit paid, including amount, date of payment, and payment method

5. Lease Reference: Reference to the original lease agreement, including its date and any relevant registration numbers

6. Property Inspection Results: Summary of the final property inspection findings and condition assessment

7. Refund Amount Calculation: Detailed breakdown of the refund amount, including any deductions and their justification

8. Payment Instructions: Specified method for refund payment and banking details where applicable

9. Declarations: Statements confirming the accuracy of information and agreement to the refund terms

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

Optional Sections

1. Dispute Details: Section to be included if there are any disputed items or deductions

2. Third-Party Authorization: To be included if someone other than the original tenant is authorized to receive the refund

3. Maintenance Cost Breakdown: Detailed list of repair or maintenance costs if deductions are being made

4. Witness Information: To be included when witness verification is required for large refund amounts

5. Previous Correspondence Reference: To be included when referencing prior communications about the deposit refund

Suggested Schedules

1. Schedule A - Property Inspection Report: Detailed inspection checklist and findings from the final property assessment

2. Schedule B - Photographic Evidence: Photos documenting the property condition at the time of move-out

3. Schedule C - Deduction Calculation Sheet: Itemized list and calculation of any deductions from the security deposit

4. Schedule D - Required Documentation Checklist: List of supporting documents required for processing the refund

5. Appendix 1 - Bank Details Form: Standard form for providing bank account information for the refund transfer

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

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Real Estate

Property Management

Residential Housing

Commercial Property

Retail Property

Industrial Property

Banking and Financial Services

Property Development

Hospitality

Student Housing

Relevant Teams

Real Estate Operations

Property Management

Legal

Finance

Accounts Payable

Tenant Relations

Facilities Management

Asset Management

Compliance

Administrative Services

Relevant Roles

Property Manager

Real Estate Manager

Leasing Agent

Property Administrator

Facilities Manager

Asset Manager

Legal Counsel

Finance Manager

Accounts Payable Specialist

Tenant Relations Manager

Property Inspector

Building Superintendent

Real Estate Operations Director

Compliance Officer

Housing Services Coordinator

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Let's create your Security Deposit Refund Form

Authors

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