Fill and Sign the Model Security Deposit Agreement Form

37 Appendix F Model Security Deposit Agreement Upon entering into a rental agreement on the rental unit located at _________________ and upon payment by the Tenant, ____________________________, to the Landlord, _______________________, a security deposit of $ ______, the parties signing below agree to the following: 1 . Said deposit may be applied by the landlord toward reimbursement for any cost incurred because of Tenant’s violation of the rental agreement, including nonpayment of rent and/or any utilities for which the tenant is responsible. Said deposit is to be returned within thirty (30) days of termination accompanied by a written statement itemizing deductions. If, after the completion of the final inspection of the premises, there is no further cleaning required, no unpaid rent, no damages to the unit and the tenant can prove to the landlord that all utilities are paid, the landlord will return the entire amount of the security deposit to the tenant within ten (10) days. 2 . Landlord shall inspect the premises within one week prior to termination of the said rental agreement and, before Tenant vacates, shall give Tenant a written statement of needed repairs and the estimated cost thereof. Tenant shall be responsible only for damage beyond normal wear and tear and for returning the rental unit to a condition of cleanliness similar to its condition when Tenant moved in. 3 .A written statement as to the condition of the premises upon occupation by the Tenant, as prescribed by Section 70-25-206 of the Montana Code Annotated, is attached. 4 . The landlord shall place the tenant’s security deposit in an interest bearing bank account. Earned interest shall be treated as part of the security deposit. ________________________________________________ _________ Landlord (Signature) Date ________________________________________________ _________ Tenant 1 (Signature) Date ________________________________________________ _________ Tenant 2 (Signature) Date ________________________________________________ _________ Tenant 3 (Signature) Date   ________________________________________________ _________     Tenant 4 (Signature) Date