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A security deposit receipt is a legal document issued by a landlord to a tenant, serving as proof that the tenant's security deposit has been paid. It includes details such as the payment date, tenant's name, the location of the funds, and the bank account information, along with the landlord's signature. After creating the receipt, the landlord should keep a copy while giving the original to the tenant. Both parties are advised to attach copies of the receipt to their respective leases for documentation purposes.