A North Dakota Security Deposit Agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions regarding the security deposit paid by the tenant. The agreement ensures the protection of the landlord's property and covers any potential damages or unpaid rent that may occur during the tenancy. The North Dakota Security Deposit Agreement typically includes details such as the amount of the security deposit, how it should be paid, and the conditions for its return. It outlines the responsibilities of both the tenant and the landlord, making sure both parties are aware of their rights and obligations. In North Dakota, there are different types of Security Deposit Agreements that landlords may use, including: 1. Standard Security Deposit Agreement: This is the most common type of agreement and covers the general requirements and conditions regarding the security deposit. 2. Pet Deposit Agreement: If the tenant has a pet, the landlord may require an additional pet deposit to cover any damages caused by the pet during the tenancy. This agreement outlines the specific terms regarding the pet deposit and any additional responsibilities related to pet ownership. 3. Last Month's Rent Deposit Agreement: In some cases, landlords may request the last month's rent upfront as a security deposit. This agreement states that the last month's rent will be kept as a deposit and will be applied to the final month of the tenancy. 4. Multiple Tenancy Security Deposit Agreement: If the rental property is shared among multiple tenants, this agreement clarifies how the security deposit will be divided among the tenants and outlines the responsibilities and obligations of each tenant. It is important for both tenants and landlords to carefully read and understand the North Dakota Security Deposit Agreement before signing it. Any disputes or disagreements regarding the security deposit can be resolved based on the terms and conditions defined in this legally binding document.