Document background
The Security Deposit Release Form is an essential document in Hong Kong's property rental ecosystem, used when a tenant vacates a property and the landlord returns the security deposit. This document becomes relevant at the conclusion of a lease term or when a tenant moves out early with the landlord's agreement. It must comply with Hong Kong's Landlord and Tenant (Consolidation) Ordinance and typically includes detailed information about the property, parties involved, original deposit amount, any deductions, and the final amount being returned. The form serves multiple purposes: it provides proof of deposit return, releases both parties from further obligations related to the deposit, and helps prevent future disputes. It's particularly important in Hong Kong's dynamic property market where security deposits are substantial and proper documentation is essential for both legal compliance and risk management.
