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The security deposit letter is a document issued by the landlord at the lease's end, detailing the return of the security deposit to the tenant. A security deposit is collected by the landlord to ensure rent payment and cover potential damages to the property. The time frame for returning the deposit varies by state, but it is typically returned within 30 days after a 12-month rental period concludes. The return must be made in cash or credited toward the tenant's rent due.