Deposit Release Form

Deposit Release Form for Switzerland

Deposit Release Form Template for Switzerland

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What is a Deposit Release Form?

The Deposit Release Form is a crucial document in Swiss property and contract management, used when parties agree to release a security deposit previously held under a contractual arrangement. This document type is commonly used at the end of lease terms or when contractual obligations have been fulfilled, providing formal authorization for the release of funds held in special deposit accounts as required by Swiss law. The form must comply with Articles 257e and related provisions of the Swiss Code of Obligations, which regulate security deposits and their release. Typically, the Deposit Release Form includes identification of all parties, deposit account details, release authorization, and payment instructions. It serves as official documentation for banks and other institutions to process the release of funds and provides legal protection for all parties involved in the transaction.

What sections should be included in a Deposit Release Form?

1. Identification of Parties: Full legal names and addresses of both the depositor and deposit holder (typically landlord and tenant, or their authorized representatives)

2. Original Deposit Details: Information about the original deposit including amount, date paid, account details, and reference to the original agreement (e.g., rental contract)

3. Property Reference: Clear identification of the property or matter for which the deposit was held

4. Release Authorization: Express statement authorizing the release of the deposit, including the exact amount to be released

5. Payment Instructions: Specific details about how and where the deposit should be released, including bank account details of the recipient

6. Declaration: Statement confirming that all conditions for release have been met and that parties have no further claims regarding the deposit

7. Date and Signatures: Space for dating and signing by all relevant parties

What sections are optional to include in a Deposit Release Form?

1. Partial Release Details: Used when only a portion of the deposit is being released, including explanation of retained amount

2. Deductions Section: Required if any deductions are being made from the deposit, including itemized list and justification

3. Dispute Resolution: Include if there have been any disputes or if parties want to explicitly waive future claims

4. Third Party Authorization: Required if the release is being authorized by or paid to someone other than the original parties

5. Condition Report Reference: Include when release is conditional on property inspection or condition report

What schedules should be included in a Deposit Release Form?

1. Proof of Original Deposit: Copy of original deposit payment evidence or bank confirmation

2. Calculation Schedule: Required if there are deductions or calculations showing final amount to be released

3. Property Inspection Report: If release is based on property condition verification

4. Authorization Documents: Any power of attorney or authorization letters if parties are acting through representatives

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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What is a Deposit Release Form?

What sections should be included in a Deposit Release Form?

What sections are optional to include in a Deposit Release Form?

What schedules should be included in a Deposit Release Form?

Authors

Alex Denne

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