The Security Deposit Transfer Agreement is a crucial document used in the Philippines when there is a transfer of property ownership or a change in property management. This agreement becomes necessary when security deposits need to be transferred from the current property owner or landlord to a new one, ensuring compliance with Philippine property laws and regulations. The document typically includes detailed information about the security deposit amount, the property details, the rights and obligations of all parties involved, and the specific terms of the transfer. It serves to protect the interests of both the current and new property owners while ensuring that the tenant's security deposit rights are preserved. The agreement must comply with various Philippine laws, including the Civil Code of the Philippines and relevant property regulations, making it an essential tool in property transactions and management changes.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies all parties involved: current holder of security deposit (typically current landlord/seller), recipient of security deposit (typically new landlord/buyer), and tenant
2. Background: Explains the context of the security deposit transfer, including reference to the original lease agreement and the reason for transfer
3. Definitions: Defines key terms used throughout the agreement
4. Security Deposit Details: Specifies the amount of security deposit being transferred and its current status
5. Transfer Terms: Details the specific terms and conditions of the transfer, including timing and method of transfer
6. Representations and Warranties: Statements by all parties regarding their authority to enter into the agreement and the status of the security deposit
7. Release and Indemnification: Provisions regarding the release of the current holder's obligations and indemnification arrangements
8. Tenant Acknowledgment: Confirmation from the tenant regarding the transfer and their rights
9. Governing Law: Specifies that Philippine law governs the agreement
10. Execution: Signature blocks and execution requirements for all parties
1. Multiple Property Provisions: Required when the transfer involves security deposits for multiple properties or units
2. Escrow Arrangements: Needed when the security deposit will be held in escrow during the transfer process
3. Interest Calculations: Required when interest has accrued on the security deposit and needs to be accounted for
4. Dispute Resolution: Optional section detailing specific dispute resolution procedures
5. Notices: Required when specific notice requirements for future communications need to be established
6. Assignment: Needed when transfer rights need to be specifically addressed
1. Schedule A - Property Details: Details of the property/properties to which the security deposit relates
2. Schedule B - Security Deposit Calculation: Detailed breakdown of the security deposit amount, including any accrued interest
3. Schedule C - Original Lease Agreement: Copy or key terms of the original lease agreement referencing the security deposit
4. Schedule D - Transfer Instructions: Specific banking or transfer instructions for the security deposit
5. Appendix 1 - Required Notices: Copies of any required notices to tenants regarding the transfer
6. Appendix 2 - Proof of Authority: Documentation proving the authority of signatories to execute the agreement
Find the exact document you need
Non Refundable Contract
A Philippine law-governed agreement establishing non-refundable payment terms and conditions, with clear acknowledgment provisions and consumer protection compliance.
Download
Term Deposit Agreement
A Philippine-law governed agreement establishing terms and conditions for a fixed-term deposit account between a financial institution and depositor, compliant with BSP regulations.
Download
Hold Deposit Agreement
A Philippine law-governed agreement establishing terms for holding a deposit amount between parties, specifying conditions for deposit maintenance and release.
Download
Security Deposit Transfer Agreement
A Philippine law-governed agreement facilitating the transfer of security deposits between property owners/landlords during ownership or management changes.
Download
Non Refundable Payment Agreement
A Philippine law-governed agreement establishing terms for non-refundable payments between parties, including payment terms and acknowledgment of non-refundability.
Download
Non Refundable Deposit Purchase Agreement
A Philippine law-governed agreement establishing terms for a non-refundable deposit in a purchase transaction, protecting both seller and buyer interests.
Download
Property Deposit Agreement
A Philippine law-governed agreement establishing terms for property purchase deposits, securing buyer interest and seller commitment while ensuring regulatory compliance.
Download
Sale Deposit Agreement
A Philippine law-governed agreement that formalizes the terms and conditions of a deposit payment in connection with a sale transaction.
Download
Authorization Agreement For Automatic Deposits
A Philippine-law governed agreement authorizing automatic deposits between a financial institution and account holder, establishing terms for automated payment processing.
Download
Good Faith Deposit Contract
A Philippine law-governed agreement establishing terms for a good faith deposit to demonstrate serious intent in a transaction.
Download
Direct Deposit Agreement
A Philippine-compliant agreement establishing terms for automatic electronic fund transfers to designated bank accounts, governed by BSP regulations and local banking laws.
Download
Reservation Deposit Agreement
A Philippine law-governed agreement that formalizes property reservation through deposit payment, setting terms for future purchase.
Download
Agreement For Security Deposit
A Philippine law-compliant agreement establishing terms and conditions for handling security deposits in property rental arrangements, including deposit amount, maintenance, and return conditions.
Download
Cash Deposit Agreement
A Philippine law-governed agreement establishing terms and conditions for cash deposits between a financial institution and depositor, compliant with BSP regulations.
Download
6 Month Rent Contract
A Philippine-law compliant 6-month residential lease agreement establishing terms for property rental and tenant-landlord obligations.
Download
Refundable Deposit Agreement
A Philippine law-governed agreement establishing terms for a refundable monetary deposit, including payment conditions and refund procedures.
Download
Agreement For Deposit Payment
A Philippine law-governed agreement establishing terms and conditions for deposit payments, including payment terms, refund conditions, and parties' obligations.
Download
Holding Deposit Contract
A Philippine law-compliant agreement securing a property through a holding deposit, outlining deposit terms and conditions between property owner and potential buyer/tenant.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)