A Rental Agreement and Deposit Receipt is a legally binding document between a landlord and a tenant that outlines the terms and conditions of a rental. It outlines the rights and responsibilities of both parties and serves as written proof of the agreement. The primary purpose of a Rental Agreement and Deposit Receipt is to provide both parties with legal protection and to ensure that both the tenant and landlord comply with their respective obligations. There are two main types of Rental Agreement and Deposit Receipt: a Standard Residential Lease Agreement and a Room Rental Agreement. A Standard Residential Lease Agreement is a form of rental agreement that outlines the rights and responsibilities of both parties and covers all aspects of the rental, including the duration of the lease, the amount of rent, the date of payment, the security deposit, the landlord's and tenant's rights and responsibilities, and any other stipulations. Both parties must agree to the terms and sign the agreement before it can be legally binding. A Room Rental Agreement is a form of rental agreement that is specific to a single room. It outlines the rights and responsibilities of both parties, including the duration of the lease, the amount of rent, the date of payment, the security deposit, the landlord's and tenant's rights and responsibilities, and any other stipulations. Both parties must agree to the terms and sign the agreement before it can be legally binding. A Deposit Receipt is a document that serves as proof that a tenant has paid a security deposit to the landlord. It outlines the amount of the security deposit, the date of payment, and any other stipulations. The Deposit Receipt must be signed by both parties before it can be legally binding.