Security Deposit
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Security Deposit Receipt Example
This move-in receipt documents the Yamamotos' total move-in payment of $5,550.00 for Unit 3A in Chicago. First month's rent of $1,850.00 and a two-month security deposit of $3,700.00 are shown as separate lines. The receipt notes that the deposit is held in a dedicated escrow account and will be returned within 30 days of vacating, less any allowable deductions.
This security deposit receipt documents a $2,400 deposit (1 month's rent) collected at lease start, refundable within 30 days of move-out minus deductions for damages beyond normal wear. The receipt notes the deposit is held in an interest-bearing escrow account as required by state law.
Receipt Breakdown
What Makes This Receipt Realistic
- • First month's rent and security deposit shown as separate lines, legally distinct
- • Deposit amount expressed as "2 months × $1,850.00", transparent calculation
- • Escrow notation on receipt, required in many states
- • Return timeline (30 days) stated on receipt
- • Certified bank check, landlords often require guaranteed funds for move-in
- • Math: $1,850.00 + $3,700.00 = $5,550.00
Frequently Asked Questions
What does this security deposit receipt show?
This receipt documents Receipt #RR-2025-0501. Landlord: Lakeshore Properties LLC, 200 E. Randolph St, Chicago, IL 60601. Tenant: Kevin and Patricia Yamamoto. Property: Unit 3A, 2748 N. Lincoln Ave, Chicago, IL 60614. Move-In Date: June 1, 2025. First Month's Rent (June 2025): $1,850.00. Security Deposit (2 months): $3,700.00. Total Move-In Payment: $5,550.00. Payment: Certified Bank Check. The security deposit will be held in a dedicated escrow account and returned within 30 days of vacating, less any deductions.
Why does a security deposit receipt show the deposit and first month's rent separately?
Security deposits and rent are legally distinct: rent is income to the landlord, while a security deposit remains the tenant's money held in trust. Many states require landlords to keep security deposits in a separate bank account and prohibit commingling them with operating funds. Showing them as separate line items on the receipt makes clear which portion is for rent (the landlord keeps regardless of outcome) and which is a refundable deposit (held against damages and unpaid rent). Some states also require the receipt to state where the deposit is held and the conditions under which deductions may be made.
When must a landlord return a security deposit?
State laws set specific deadlines, typically 14 to 30 days after the tenant vacates and returns the keys. The landlord must return the full deposit OR provide an itemized written statement of deductions with the remaining balance. Allowable deductions include unpaid rent, damage beyond normal wear and tear, and cleaning costs if the unit was not left clean. Deductions for normal wear and tear (fading paint, minor scuffs) are not allowed. If the landlord fails to return the deposit or provide a statement within the deadline, most states allow the tenant to sue for double or triple the deposit amount.