In addition to writing a land lease agreement, it is recommended that landowners and tenants make legal records as a document for payment. This document is called the security deposit form.
For lease agreements that do not require a lot of nominal may not need to make a security deposit form. But it can still be made because there is no limit on what the nominal security deposit can be made.
Land lease payments between landowners and tenants usually involve the bank if it is a large amount. This security deposit form is used when the tenant has not paid payment or has just paid his down-payment.
But is it okay to make a security deposit if the tenant has paid off? It is possible if it is needed as proof of rent payment.
How to Write the security deposit form?
Some of you may not be familiar with what the security deposit form is. This form is a legal document made between the land owner and the renter where the barque tenant pays a portion of the rental price. Of course this security deposit involves the bank if the nominal is big enough. If it’s not big, maybe not with the bank.
After you get the form, you just write the tenant’s name and tenant’s identification number. Then write the date, which is the date of the lease agreement where the tenant starts paying rent to the land owner.
Write the location of the bank where you save money. Suppose you as a landowner, you need to write your bank name, what is the bank account number, and where is the city or bank area.
Of course, the bank that you use is better, the bank which is also located close to you, so you can take care of it quickly without transportation problems.
In addition, you also need to write down the nominal saved in the bank and the date you created the bank account. Nominal here is how much has been paid by the tenant to you. If it’s not paid in full, write down how much money is lacking and when the tenant will pay off.
The next step is to give your signature as the owner of the land along with a bright name and the date when you made the security deposit form.
Security Deposit Form Template
Security deposit form
Security deposit form Pdf
Itemized security deposit deduction form
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Security Deposit Accounting Statement
Security deposit Refund Form
Benefits of using security deposit form
Why do you have to use the form? It is as if the landlord does not trust the lessee that the lessee will immediately pay the rent payment.
Actually that’s not the point. This legal document was made in the framework of a lease agreement between the parties with the agreed nominal payment. To save it in a bank, landowners need to fill out a security deposit form. This form is also very useful for tenants.
The purpose of the land owner is that the money paid by the tenant is safely in the bank. And he can wait until the deadline for the tenant to pay it off. So he needs the bank to save his money.
As for the tenant, this form is useful as proof that he has rented the land and paid for it. If this form is not available, it could be that the landowner claims there has been no payment at all from the tenant. In this case the tenant will be very disadvantaged at all.
Therefore, a security deposit form is made where both parties will feel safe to do transactions in terms of leasing payments. No party will feel disadvantaged because this agreement has been made according to the agreement.
Tenants are also comfortable in paying, because even though they are not paid in full, there is legal evidence that he is a legitimate tenant and has made payments according to the agreement. So this form was made legally witnessed by banks as depositors of their money.
This form has legal force because it is a legal document. One party if cheating then it can be followed up legally.
There are many benefits for both landowners and tenants in using this agreement document. In addition to the leasing agreement documents of both parties, this document also serves as a proof of payment or transaction between the land owner and the lessee.
Is it complicated if you have to use this form? Not at all, because this form can be printed and you take it directly to the bank. Later the bank will validate it when the payment agreement between the two parties has been signed.
Sometimes people still find it difficult to transact legally because it is a complicated process. And if something new happens they bring it to the realm of law.
Though the process is not complicated if you want to follow the procedure. Even safer when transacting through banks. Thus minimizing undesirable events in the future.
All agreement processes do have their own risks. Only different levels. And every agreement process, especially those relating to money transactions, involves third parties, namely banks, so that your documents and money remain secure.