Fill and Sign the Lease Deposit Form

SECURITY DEPOSIT ADDENDUM Lessor: _______________________________ Lessees: _______________________________ _______________________________ The security deposit is a deposit to secure the terms and conditions of the rental agreement signed on _________ associated with the following property: _______________________________ . It is understood and agreed by all parties that the security deposit stays with the Lessor until the LAST individual on said agreement vacates the premises and ALL financial responsibilities have been fulfilled. The original tenants of the rental agreement, who paid the security deposit have selected one of the following instructions so that management will know how to disburse the deposit in regard to the final accounting and any refund that may be forthcoming. ALL TENANTS MUST INITIAL THE SAME PARAGRAPH (1) The deposit accounting and any refund is to be equally divided between the undersigned tenants regardless of whether either still reside at the rental property. It is the individual’s responsibility to provide an up-to-date address to management. Initials: ______ ______ ______ ______ (2) The deposit accounting and any refund is to be given to the last individual on the rental agreement/lease still residing in the rental property at the termination of the rental agreement/lease. In the event there is more than one of the undersigned individuals residing in the rental property at the termination of the tenancy, then the refund will be equally divided between those remaining individuals. Initials: ______ ______ ______ ______ (3) The security deposit was paid by ______________________ . Any refund will be sent directly to this individual at the termination of the rental agreement, regardless of who is residing in the rental property at the termination of the lease. Initials: ______ ______ ______ ______ Signatures:       Lessor Date       Lessee Date Copyright 2004 USLegalforms.com