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Security Deposit Waiver Form Template

Easily streamline your security deposit waiver process

If you're a property manager or landlord struggling with security deposit waivers, this template is designed for you. Use it to simplify the request and approval process while ensuring clear communication between you and your tenants. With benefits including faster processing, minimizing disputes, enhancing tenant satisfaction, streamlining documentation, and compliance alignment, you'll find this template makes your job easier. Explore a live demo of this useful form today.

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Full name
Email
Phone number
Current residential address
Date of request
Rental property address
Unit or apartment number (if applicable)
Move-in date
Monthly rent amount
Lease term
Month-to-month
6 months
9 months
12 months
18 months
24 months
Other/Not sure
I am requesting a security deposit waiver instead of a traditional cash deposit
Yes
No
Proposed waiver fee amount
Waiver fee payment frequency
One-time before move-in
Monthly during the lease
Other/Not sure
Preferred payment method for the waiver fee
Bank account (ACH)
Credit or debit card
Money order or cashier's check
Other
Please Specify:
I authorize the landlord or their agent to charge the selected payment method for the waiver fee
Yes
No
I am a named tenant on the lease for the property listed above
Yes
No
I understand the security deposit waiver is not a security deposit
Yes
No
I acknowledge that the waiver fee is non-refundable
Yes
No
I understand my obligations under the lease remain unchanged
Yes
No
I authorize the landlord or their agent to obtain consumer reports for eligibility assessment
Yes
No
Names of any co-tenants who must also consent (if any)
Additional notes or circumstances (optional)
I consent to receive documents and notices electronically and to use electronic signatures
Yes
No
Type your full legal name as your signature
Signature date
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Paper art illustration depicting a security deposit waiver form for a FormCreatorAI article

When to use this form

Use this form when you want to offer a deposit alternative to qualified renters. It helps you set clear terms, fees, coverage limits, and move-in dates, so both sides know what to expect. Property managers can roll out a deposit waiver program across new leases or renewals. It is useful for multifamily units, student housing, and corporate stays where speed matters. If you still need to screen applicants, pair it with the Online rental application form. Renters comparing several properties can use the Apartment comparison checklist form to weigh costs with and without a waiver. The result: lower upfront costs for residents, faster approvals for you, and fewer disputes at move-out because the waiver is tied to a specific unit and lease term.

Must Ask Security Deposit Waiver Questions

  1. What property address and unit number does this waiver apply to?

    This pins the waiver to a specific lease, preventing confusion if you move or transfer units. It reduces disputes at move-out because everyone can match charges to the right unit.

  2. Which waiver option are you requesting and what coverage limit do you accept?

    Choosing the option and coverage cap sets the financial boundaries up front. It protects you from unexpected exposure and helps the resident understand fees versus benefits.

  3. What is your planned move-in date and lease term?

    Dates define when billing starts and ends, so you do not overcharge or leave gaps. They also help you align approval windows and any prorated fees.

  4. Have you completed a rental application and provided income verification?

    Screening confirms eligibility and ability to pay any covered amounts. If you need a fast way to collect details, use the Tenant rental application form.

  5. Will all adult occupants sign and accept joint liability under the waiver?

    Shared liability ensures equal responsibility for damages or unpaid rent. If you place roommates, the Roommate matching form helps you capture each person and avoid gaps in accountability.

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