Deposit Receipt Template
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A deposit receipt is issued immediately after successful payment of a deposit made on an item or property. It should include the terms under which the money is held. In most cases, a deposit is paid as a down payment or advance on a sale or rental.
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What is a Deposit?
A deposit is a payment made to secure an item for sale or rent.
- When Renting – To secure the condition of what is being leased.
- When Purchasing – To reserve and guarantee no one else will be able to buy.
Is a Deposit Refundable?
It depends on the terms of the deposit. If the deposit acts as security for a rented item, the money is commonly refundable if it’s returned in the same condition. When a deposit is used as a downpayment, it will usuaully be non-refundable if the buyer doesn’t complete the purchase.
Examples (2)
- Landlord/Tenant – A security deposit in a lease agreement is refundable at the end of the lease (pending there is no damage found on the premise).
- Purchase (downpayment) – A downpayment is usually non-refundable but is applicable towards the purchase price.
When is a Deposit Paid?
A deposit should only be paid after an agreement has been signed by all parties.
Not sure where to start? Learn the basics in our complete guide on how to create invoices before customizing your template.
Sample
FAQs
Yes. Our Deposit Receipt Template is completely free. No credit card required. No sign-up required to download or use. You are free to save it, edit it, or modify it to fit your needs.
Possibly. To edit an XLS or a Word document, you may need Microsoft Office installed on your computer. You can also possibly use Google Docs Online with your Google account
For help using Deposit Receipt Template, check out our resource at How to create invoices, which covers everything you need to know to make your own invoices.
If you just need to generate invoices online without downloading anything to your phone or computer you can use our Free Invoice Generator