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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 taken by the landlord to ensure rent payment or compensation for property damage. The return period for the deposit varies by state, but it is typically returned within 30 days after the end of each 12-month rental period. The landlord is required to return the deposit in cash or as a credit applied to the upcoming rent due.