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Security Deposit Return Letter

Security Deposit Return Letter Template for Saudi Arabia

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Key Requirements PROMPT example:

Security Deposit Return Letter

"I need a Security Deposit Return Letter for a residential apartment in Riyadh, confirming the return of the full SAR 15,000 deposit to the tenant who maintained the property perfectly and is moving out on March 15, 2025."

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Document background
The Security Deposit Return Letter is a crucial document used in Saudi Arabian real estate transactions to formally document the return of a tenant's security deposit at the end of a lease term. This document is required to comply with both Saudi civil law and Sharia principles governing financial transactions. It should be issued within the timeframe specified by local regulations (typically 30-60 days after lease termination) and must include specific details about the property, the deposit amount, any deductions, and the method of return. The letter serves multiple purposes: it provides legal protection for both parties, ensures transparency in the deposit return process, and creates an audit trail for regulatory compliance. It's particularly important in the Saudi Arabian context where formal documentation of financial transactions is essential for legal and religious compliance.
Suggested Sections

1. Letterhead and Date: Official letterhead of the landlord/property management company and current date

2. Recipient Details: Former tenant's full name and current mailing address

3. Property Reference: Complete address of the previously rented property and rental period dates

4. Deposit Acknowledgment: Statement confirming the original security deposit amount and date received

5. Property Inspection Results: Confirmation of property inspection and condition assessment upon move-out

6. Return Amount Declaration: Clear statement of the amount being returned

7. Payment Details: Method and timing of the security deposit return

8. Closing Statement: Formal closing of the letter and appreciation for tenancy

9. Signature Block: Landlord/authorized representative's signature and contact information

Optional Sections

1. Deduction Details: Itemized list of any deductions made from the deposit, with justification (include if deductions are being made)

2. Maintenance Record: Summary of repairs or maintenance required beyond normal wear and tear (include if relevant to deductions)

3. Dispute Resolution Notice: Information about the tenant's right to dispute the deductions and process to follow (include if there are deductions)

4. Outstanding Utilities: Statement regarding any pending utility bills or adjustments (include if relevant)

5. Banking Instructions Request: Request for tenant's banking details if not previously provided (include if payment will be made by bank transfer)

Suggested Schedules

1. Property Inspection Report: Detailed report documenting the condition of the property at move-out

2. Photographic Evidence: Photos of property condition, damages, or repairs if applicable

3. Deduction Receipts: Copies of receipts or estimates for any repairs or cleaning if deductions are made

4. Original Deposit Receipt: Copy of the original security deposit payment receipt

5. Final Utility Bills: Copies of final utility bills if relevant to deposit deductions

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail Property

Industrial Property

Hospitality

Student Housing

Corporate Housing

Mixed-use Development

Relevant Teams

Property Management

Real Estate Operations

Leasing

Legal

Finance

Accounts Receivable

Tenant Relations

Asset Management

Facilities Management

Administrative Support

Relevant Roles

Property Manager

Real Estate Manager

Leasing Administrator

Property Management Coordinator

Facilities Manager

Real Estate Operations Director

Tenant Relations Manager

Legal Counsel

Finance Manager

Accounts Manager

Property Administrator

Building Manager

Asset Manager

Real Estate Agent

Property Management Executive

Industries
Saudi Lease Law (2020): Governs residential and commercial lease agreements in Saudi Arabia, including provisions for security deposits, their handling, and return conditions
Sharia Law Principles on Financial Transactions: Islamic legal principles governing financial dealings, ensuring transactions are halal (permissible) and free from riba (usury)
Saudi Civil Code: Fundamental legal framework governing contracts and civil transactions in Saudi Arabia
Saudi Ministry of Housing Regulations: Specific regulations governing residential rental relationships, including guidelines for security deposit handling
Saudi Real Estate General Authority (REGA) Guidelines: Regulatory framework providing guidelines for real estate transactions and property management, including deposit handling
Anti-Money Laundering Law: Regulations ensuring the legitimacy of financial transactions and proper documentation of monetary returns
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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