Explore the Real Estate Security Deposit Waiver Form Template on Template.net, essential for property managers and tenants. This template is editable and customizable, perfect for modifying terms to suit different agreements. Adjust it seamlessly in our AI Editor tool, streamlining the waiver process while maintaining clarity and legal integrity.
Please read and complete this form carefully to waive the security deposit requirement for your rental agreement. Submitting this form indicates your understanding and acceptance of its terms.
Tenant Information
Name
Rental Address
Lease Start Date
Phone
Email
Waiver Details
This section outlines the terms under which the tenant(s) request to waive the security deposit for the above-mentioned rental property. By waiving the security deposit, the tenant(s) agree to the following conditions:
Damage and Repairs: Tenant(s) accept full financial responsibility for any damages to the property beyond normal wear and tear, payable immediately upon demand by the landlord.
Final Inspection: Tenant(s) agree to a final inspection upon lease termination, with any damages assessed at that time.
Alternative Arrangements: Specify any alternative security arrangements agreed upon, such as a non-refundable fee or increased rent.
Acknowledgment
By signing below, the tenant(s) acknowledge:
Understanding the implications of waiving the security deposit.
Accepting responsibility for any damages incurred during the lease term.
Agreeing to adhere to the specified alternative arrangements (if applicable).
[Tenant Name]
[Date]
I/We acknowledge receipt of this Security Deposit Waiver Form and accept the waiver under the terms specified herein.
