Maryland Letter from Landlord to Tenant Returning security deposit less deductions
What is this form?
This letter from landlord to tenant returning the security deposit less deductions is a formal communication from a landlord to a tenant. It outlines the specific amounts deducted from the tenant's security deposit, which may be for unpaid rent, necessary repairs beyond normal wear and tear, cleaning, or other expenses incurred due to the tenant's occupancy. This form is crucial as it provides transparency regarding the deductions and ensures compliance with state laws regulating security deposits and their return.
Form components explained
- Reference to the Residential Lease Agreement including the date and property address.
- The total amount of the security deposit and the itemized deductions.
- Details on the nature of deductions such as rent defaults, repairs, or cleaning costs.
- A clear statement acknowledging that deductions are beyond ordinary wear and tear.
When to use this form
This form should be used whenever a landlord returns a security deposit to a tenant, particularly when there are deductions being made. It is applicable after the tenant vacates the property, providing the necessary details about any reductions from the original deposit amount. Using this form ensures that both parties have a clear understanding of the financial responsibilities associated with the lease termination.
Who can use this document
- Landlords who wish to formally notify tenants of deductions from their security deposit.
- Property managers handling lease agreements on behalf of property owners.
- Tenants who want to verify the deductions made from their security deposits.
Steps to complete this form
- Identify the parties involved, including the landlord and tenant.
- Specify the property address and the date of the lease agreement.
- Enter the total amount of the security deposit collected.
- Itemize each deduction with a brief explanation regarding the reason for the deduction.
- Sign and date the form before delivering it to the tenant.
Notarization requirements for this form
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide a detailed itemization of deductions, which may lead to disputes.
- Not adhering to state laws regarding the time limit for returning the deposit.
- Using vague descriptions for deductions that lack proper justification.
Why complete this form online
- Convenience of downloading and completing the form at your own pace.
- Editability allows for easy updates based on specific situations or deductions.
- Reliable templates drafted by licensed attorneys ensuring legal compliance.
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FAQ
You should usually get your deposit back within 10 days of agreeing on the amount with your landlord. It can take a lot longer if you and your landlord disagree on the amount that's being taken off.
Storing the Security Deposit All security deposits that are $50 or more must be placed in an account that bears interest at a rate of three percent per year and must accrue every six months from the date the security deposit was received.
Mail your landlord a letter requesting that she return your deposit. Be polite and simply inform the landlord that you have vacated the property and would appreciate the return of your deposit once she has had a chance to complete any checks and paperwork.
Dear Name: I am writing to provide notice of my request that you refund the security deposit paid in the amount of $1500.00 for the rental of Address, City, State Zip Code. I vacated the residence on 00/00/00 without any damages beyond oridnary wear and tear.
Ask for a refund in a polite and formal language. Include details about the productwhat was purchased, when, and what the price was. Explain why you want to return the item. Mention relevant aspects of the transaction such as dates and place of delivery.
I want to submit humbly, that all my college/university dues have been timely submitted and I am neither a library defaulter nor a hostel dues defaulter, kindly sign my application for clearance of all dues well in time so I can receive my security fee refund. (Explain the actual condition and situation).
Landlords in Maryland must also pay interest on security deposits of $50 or more, when the landlord has held the deposit for at least six months.
The landlord must return a tenant's security deposit plus interest, less any damages rightfully withheld, within 45 days after the tenancy ends. If the landlord fails to do this without a good reason, you may sue for up to three times the withheld amount, plus reasonable attorney's fees.
Date. Date format is month/day/year. Payee. Write the name of the person or company to whom you are paying money with the check. Amount in numbers. Write the amount in numbers e.g. $375.00. Amount in words. This will be the same amount that you wrote in the numbers area. Memo. Signature.
