Security Deposit Form Template for Indonesia

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Key Requirements PROMPT example:

Security Deposit Form

"I need a Security Deposit Form for a commercial office space in Jakarta, Indonesia, with specific provisions for quarterly inspections and a security deposit equivalent to 3 months' rent, to be used starting March 2025."

Document background

The Security Deposit Form is a fundamental document in Indonesian property rental transactions, used whenever a security deposit is required from a tenant. It operates within the framework of the Indonesian Civil Code and property laws, providing a standardized format for documenting deposit arrangements. This form is essential for both residential and commercial properties, detailing the deposit amount, payment terms, conditions for return, and allowable deductions. It helps prevent disputes by clearly outlining both parties' rights and obligations regarding the security deposit. The document is particularly important given Indonesia's specific legal requirements for rental agreements and deposit handling, and it should be used in conjunction with the main lease agreement to ensure comprehensive protection for all parties involved.

Suggested Sections

1. Parties: Full legal names and details of the landlord/property owner and tenant, including ID numbers, addresses, and contact information

2. Background: Brief context about the rental agreement this security deposit relates to, including the property address and reference to the main lease agreement

3. Definitions: Key terms used in the document including 'Security Deposit', 'Property', 'Lease Agreement', 'Damage', 'Normal Wear and Tear'

4. Security Deposit Amount: Specification of the deposit amount, payment method, and when it must be paid

5. Purpose of Security Deposit: Detailed explanation of what the security deposit covers (e.g., damage, unpaid rent, cleaning costs)

6. Deposit Handling: Details of how the deposit will be held and any interest arrangements

7. Conditions for Deposit Return: Specific conditions that must be met for the deposit to be returned, including timeline and process

8. Deductions: Clear outline of what deductions may be made from the deposit and how they will be calculated

9. Dispute Resolution: Process for resolving any disputes related to the security deposit

Optional Sections

1. Bank Account Details: Section for specifying bank account details for deposit payment and return - used when transactions will be done via bank transfer

2. Interest Provisions: Details about interest earned on the deposit - used when local regulations require interest to be paid or when agreed between parties

3. Property Inspection: Procedures for initial and final property inspections - used for larger properties or when specifically requested

4. Insurance Requirements: Additional insurance requirements related to the security deposit - used mainly for commercial properties

5. Third-Party Guarantor: Details of any guarantor providing additional security - used when required by landlord for high-risk tenants

Suggested Schedules

1. Schedule 1: Property Condition Report: Detailed documentation of the property's condition at the start of tenancy

2. Schedule 2: Payment Receipt: Official receipt for the security deposit payment

3. Schedule 3: Inspection Checklist: Standardized checklist for property inspection

4. Appendix A: Photographic Evidence: Photos documenting the property's condition at the start of tenancy

5. Appendix B: Calculation Method: Detailed explanation of how deductions will be calculated

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Office Space

Industrial

Student Housing

Relevant Teams

Legal

Real Estate

Property Management

Operations

Administrative

Compliance

Facilities Management

Asset Management

Tenant Relations

Contract Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Facility Manager

Legal Counsel

Property Administrator

Building Manager

Asset Manager

Tenancy Coordinator

Real Estate Operations Manager

Contract Administrator

Compliance Officer

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Let's create your Security Deposit Form

Authors

Alex Denne

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