This official form may be completed and filed by either a landlord or a tenant to institute a lawsuit against the other when there is a disagreement over the security deposit to rent a residence.
Hawaii Statement of Claim - Security Deposit
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Presentation of the Statement of Deposits It details the amounts deposited in your bank account during the preceding year as well as the first monthly payment of the current year, if applicable.Note that the Statement of Deposits includes only direct deposit payments.
The person paying the security deposit would credit the asset account Cash and would debit the asset account Security Deposits. The person receiving the security deposit would debit the asset account Cash and would credit the liability account Security Deposits Returnable.
A security deposit is any money a landlord takes from a tenant other than the advance payment of rent. The security deposit serves to protect the landlord if the tenant breaks or violates the terms of the lease or rental agreement. It may be used to cover damage to the property, cleaning, key replacement, or back rent.
The Security Deposit Accounting Statement includes the necessary information to properly understand the form like the start and end dates, date notice was given, and date of the move out inspection.The landlord will use this form if there is still money owed after repairs, court costs, fees, or other charges.
At the end of the rental period, the landlord has 14 days to return the security deposit. If a landlord keeps any of the deposit, the landlord has to let the tenant know in writing why the money is being withheld.