Landlord Tenant Closing Statement to Reconcile Security Deposit - Mississippi 2025

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  1. Click ‘Get Form’ to open the Landlord Tenant Closing Statement in the editor.
  2. Begin by entering the Landlord's name and the leased premises address at the top of the form. This information is crucial for identifying the parties involved.
  3. Fill in the tenant's information, including their name(s), forwarding address, and new phone number. This ensures that all communication is directed appropriately.
  4. Next, input the security deposit amount paid, along with any other deposits and rent credits. This section summarizes financial transactions related to the lease.
  5. Detail any charges against the deposit, such as cleaning charges or damage repairs. Be specific about each charge to maintain transparency.
  6. Calculate total charges, including unpaid rent and uncollected late charges. This will help determine what amounts are due to either party.
  7. Finally, indicate amounts due to both tenant and landlord, add comments if necessary, and ensure that a signature is provided by the landlord or representative before delivering or mailing it to the tenant.

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The security deposit for residential properties cannot exceed two months rent, and for non-residential properties, six months rent. Landlords are entitled to deduct unpaid rent or costs for damages (beyond normal wear and tear) from the security deposit before refunding the balance when the tenant vacates.
The California Civil Code Section 1950.5 outlines these requirements: 21-Day Rule: Landlords have 21 days from the date the tenant vacates the property to return the security deposit or provide an itemized statement of deductions. If there are no deductions, the full deposit must be returned within this timeframe.
Within fourteen days, excluding Saturdays, Sundays or other legal holidays, after termination of the tenancy and delivery of possession and demand by the tenant the landlord shall provide the tenant an itemized list of all deductions together with the amount due and payable to the tenant, if any.
If your landlord has violated the security deposit law, you may sue him/her in district court. Your lawsuit must be filed no later than two years from the end of your tenancy. If you file suit against your landlord and hire an attorney to represent you, you can ask the court for attorneys fees.
A tenant must simply request the deposit from the landlord. The landlord has 45 days after the end of the tenancy and demand by the tenant to return the deposit.
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A landlord can keep a security deposit to remedy bdocHubes by the tenant, including nonpayment of rent or damages, or for cleaning the apartment. The landlord must provide the tenant with a written notice itemizing the reasons for keeping the deposit within 45 days of termination of the tenancy and demand by the tenant.

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