Legal Templates
Security Deposit Return Form

Security Deposit Return Form for Australia

Security Deposit Return Form Template for Australia

A standardized form used in Australian jurisdictions for processing and documenting the return of security deposits (bonds) at the end of a tenancy agreement. The document complies with state-specific residential tenancy laws and provides a formal record of the deposit return calculation, including any deductions, final inspection results, and agreed payment arrangements. It serves as legal documentation for both landlords and tenants, ensuring transparency and compliance with Australian tenancy regulations regarding the return of security deposits.

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What is a Security Deposit Return Form?

The Security Deposit Return Form is a critical document used in Australian residential and commercial tenancy arrangements to facilitate the return of security deposits (bonds) at the conclusion of a lease. This form is required by various state and territory tenancy laws to ensure proper documentation and transparent processing of deposit returns. It should be used when a tenancy is terminating and the security deposit needs to be returned to the tenant, either in full or partially after agreed deductions. The form captures essential information including property and party details, inspection results, deduction calculations if applicable, and payment instructions. It serves as a legal record of the deposit return process and helps prevent disputes by clearly documenting all aspects of the transaction. The document must comply with relevant state-specific legislation, such as the Residential Tenancies Act and associated regulations.

What sections should be included in a Security Deposit Return Form?

1. Property Manager/Landlord Details: Full name, contact information, and any relevant license numbers of the property manager or landlord

2. Tenant Details: Full name(s) and contact information of all tenants on the lease

3. Property Information: Complete address and identification details of the rental property

4. Tenancy Period: Start and end dates of the tenancy

5. Security Deposit Details: Original deposit amount, date paid, and bond registration number if applicable

6. Inspection Results: Summary of final inspection findings and property condition

7. Return Amount Calculation: Detailed breakdown of the deposit amount to be returned, including any deductions

8. Payment Instructions: Bank account or payment details for returning the deposit

9. Signatures and Date: Space for all parties to sign and date the form

What sections are optional to include in a Security Deposit Return Form?

1. Dispute Details: Section to document any disagreements about deductions or return amount, used when there is a dispute between parties

2. Cleaning Charges: Itemized list of cleaning charges, included when deductions are being made for cleaning

3. Damage Assessment: Detailed description of any damage and associated repair costs, used when damage deductions are being claimed

4. Previous Partial Returns: Details of any previous partial returns of the deposit, included when the deposit has been partially returned earlier

5. Agent Authorization: Authorization details if an agent is acting on behalf of either party

What schedules should be included in a Security Deposit Return Form?

1. Initial Property Condition Report: Copy or reference to the condition report from the start of tenancy

2. Final Inspection Report: Detailed report from the final property inspection

3. Photographic Evidence: Photos documenting property condition or damage if applicable

4. Cleaning/Repair Invoices: Copies of any relevant invoices for cleaning or repairs being deducted

5. Original Bond Receipt: Copy of the original bond payment receipt or registration

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Jurisdiction

Australia

Publisher

Genie AI

Document Type

Deposit Form

Sector

Cost

Free to use
Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Student Housing

Property Investment

Rental Services

Relevant Teams

Property Management

Leasing

Operations

Administration

Accounts

Legal Compliance

Customer Service

Documentation

Real Estate Operations

Bond Processing

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Property Management Coordinator

Tenancy Manager

Operations Manager

Real Estate Administrator

Compliance Officer

Account Manager

Bond Administrator

Industries
Residential Tenancies Act (Various States): State-specific acts that govern the rights and obligations of landlords and tenants, including specific provisions for security deposit handling, return timeframes, and dispute resolution processes
Australian Consumer Law (ACL): Federal legislation that provides consumer protections and fair trading provisions, including requirements for transparent and fair handling of security deposits
Privacy Act 1988: Federal legislation governing how personal information must be collected, used, and protected in documentation, relevant for handling tenant details in the deposit return form
Electronic Transactions Act 1999: Federal legislation that enables electronic documentation and signatures, relevant if the security deposit return form is to be processed electronically
Fair Trading Act (Various States): State-specific legislation that provides additional consumer protections and requirements for fair business practices in relation to security deposit handling
Rental Bond Board Acts (Various States): State-specific legislation governing the administration of rental bonds, including processes for lodgment and release of security deposits
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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