The Security Deposit Return Form is a crucial document used in Saudi Arabian real estate transactions to properly document and execute the return of security deposits at the lease termination. This form, regulated under Saudi lease law and the Ejar system, serves multiple purposes: it provides official documentation of the deposit return, records any deductions made due to property damage or outstanding payments, and offers protection for both landlord and tenant rights. The form should be completed after the final property inspection and before the tenant vacates the property or shortly thereafter. It includes detailed information about the property, original deposit amount, inspection findings, deduction justifications (if any), and the final amount being returned. This document is essential for maintaining clear records and preventing future disputes regarding security deposit returns in the Saudi Arabian real estate market.
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1. Form Title and Date: Clear identification of the document as a Security Deposit Return Form with the current date
2. Property Information: Details of the rental property including full address and property reference number
3. Party Details: Complete information for both landlord and tenant, including full names, contact information, and official IDs
4. Lease Reference: Original lease agreement details including date and reference number
5. Deposit Information: Original deposit amount, date received, and receipt reference
6. Inspection Results: Summary of property inspection results and condition assessment
7. Return Amount Details: Specification of the amount being returned, including any deductions if applicable
8. Payment Method: Details of how the deposit will be returned (bank transfer, check, etc.)
9. Signatures: Space for both parties to sign and date the form
10. Confirmation of Receipt: Section for tenant to acknowledge receipt of the returned deposit amount
1. Deduction Itemization: Detailed breakdown of any deductions made from the deposit, to be included when deductions are necessary
2. Dispute Notice: Information about the tenant's right to dispute deductions and the process for doing so, included when deductions are made
3. Forwarding Address: Space for tenant to provide their new address, included when tenant is moving to a new location
4. Third Party Authorization: Authorization section when someone other than the tenant is collecting the deposit
5. Outstanding Utilities: Section for confirming all utility bills are settled, included when utilities were tenant's responsibility
1. Inspection Report: Detailed property inspection report with photos if applicable
2. Deduction Evidence: Copies of invoices, quotes, or other evidence supporting any deductions made
3. Original Deposit Receipt: Copy of the original security deposit payment receipt
4. Property Photographs: Before and after photographs of the property condition
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