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The security deposit letter is a document provided by the landlord at the end of a lease, detailing the return of a security deposit to the tenant. A security deposit is collected by the landlord from the tenant to ensure payment of rent or to cover damages to the property. Return periods for the security deposit vary by state, but it is generally due within 30 days after the end of each 12-month rental period. The landlord must return the deposit in cash or as a credit toward the rent owed.