A security deposit receipt is a document given by a landlord to a tenant after receiving a security deposit. It serves as proof that the tenant has paid the deposit and outlines where the funds are being held.

It protects both parties. For the tenant, it is proof of payment. For the landlord, it documents the initial condition of the agreement and complies with many state laws that require landlords to provide a receipt within a certain timeframe (usually 14-30 days).

The receipt should include the amount of the deposit, the date it was received, the name and address of the financial institution where it is held, and the signatures of both the landlord and the tenant (though sometimes only the landlord sig is required).

No, a security deposit is not rent. It is a set amount of money held in escrow to cover any potential damages to the property or unpaid rent at the end of the lease term.