Document background
The Key Deposit Receipt is a crucial document in Canadian property management, used whenever a landlord or property manager collects a security deposit specifically for keys, access cards, fobs, or other entry devices. This document type emerged from the need to separately track and document key deposits distinct from general security deposits, as required by various provincial tenancy regulations. The Key Deposit Receipt serves multiple purposes: it provides proof of the deposit payment, describes the specific access devices covered, outlines return conditions, and helps ensure compliance with local tenancy laws. This documentation is particularly important in situations where multiple sets of keys or access devices are involved, or in properties with sophisticated security systems. The receipt protects both parties' interests by clearly documenting the transaction and setting expectations for the deposit's return.
