The Security Deposit Contract is essential for transactions in Malaysia where financial security is required to guarantee performance or obligations. This document is commonly used in property leasing, service agreements, and commercial arrangements where one party needs to provide financial assurance to another. The contract, governed by Malaysian law, specifically details the security deposit amount, payment mechanisms, holding arrangements, conditions for use, and return requirements. It includes provisions compliant with Malaysian financial regulations and banking practices, making it suitable for both commercial and residential contexts. The Security Deposit Contract serves as a crucial risk management tool, providing clear guidelines for handling the deposit and resolving potential disputes.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Context of the security deposit arrangement and the relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Security Deposit Amount: Specification of the deposit amount, currency, and payment terms
5. Purpose of Security Deposit: Clear statement of what the security deposit is intended to secure
6. Payment Terms: Details of how and when the security deposit must be paid
7. Holding of Deposit: Specifications for how the deposit will be held, including any interest arrangements
8. Permitted Use of Deposit: Conditions under which the deposit holder may use or draw upon the deposit
9. Return of Deposit: Conditions and timeline for the return of the deposit
10. Default and Remedies: Consequences of default and available remedies for both parties
11. Notices: Requirements for giving notices under the agreement
12. Governing Law: Specification of Malaysian law as the governing law
13. Dispute Resolution: Process for resolving disputes between the parties
1. Interest on Deposit: Terms regarding interest earned on the deposit - include when deposit is held in an interest-bearing account
2. Third Party Rights: Include when there are third parties who may have rights or obligations related to the deposit
3. Bank Guarantee: Include when the security deposit may be provided in the form of a bank guarantee rather than cash
4. Tax Provisions: Include when there are specific tax implications that need to be addressed
5. Assignment: Include when either party may need to assign their rights under the agreement
6. Force Majeure: Include when external events might affect the handling or return of the deposit
7. Confidentiality: Include when sensitive information will be exchanged as part of the deposit arrangement
1. Payment Schedule: Details of payment arrangements if the security deposit is to be paid in installments
2. Bank Account Details: Specified account details for payment and holding of the security deposit
3. Calculation of Interest: Formula and terms for calculating any interest on the deposit
4. Authorized Signatories: List of persons authorized to act in relation to the security deposit
5. Condition Report: If related to property, details of property condition relevant to deposit return
6. Form of Bank Guarantee: Template for bank guarantee if permitted as alternative to cash deposit
Find the exact document you need
Safe Deposit Box Contract
A Malaysian law-governed agreement establishing terms and conditions for safe deposit box rental and usage between a bank and its customers.
Download
Earnest Money Deposit Agreement
A Malaysian law agreement governing the terms and handling of earnest money deposits between transaction parties, typically used in property and commercial dealings.
Download
Simple Security Deposit Agreement
A Malaysian law-governed agreement establishing terms for managing and returning a security deposit between parties.
Download
Term Deposit Agreement
A Malaysian law-governed agreement establishing terms and conditions between a bank and depositor for a fixed-term deposit account, compliant with Bank Negara Malaysia regulations.
Download
Deposit Sale And Purchase Agreement
A Malaysian law-governed agreement outlining terms for property sale and purchase with deposit payment arrangements.
Download
Property Deposit Agreement
A Malaysian legal document that formalizes property deposit arrangements between buyer and seller, securing the intended property transaction under Malaysian law.
Download
Sale Deposit Agreement
A Malaysian legal document that formalizes the payment and terms of a property purchase deposit, governed by Malaysian contract and property law.
Download
Good Faith Deposit Contract
A Malaysian law-governed agreement establishing terms for placing and managing a good faith deposit, demonstrating serious intent in a transaction.
Download
Security Deposit Contract
A Malaysian law-governed agreement establishing terms for managing and returning a security deposit, ensuring protection for both deposit holder and depositor.
Download
Deposit Account Control Agreement
A Malaysian law agreement establishing control over deposit accounts between an account holder, secured party, and bank to perfect security interests in deposit accounts.
Download
Deposit Agreement Contract
A Malaysian law-governed agreement between a financial institution and depositor establishing terms for deposit accounts and related banking services.
Download
Cash Deposit Agreement
A Malaysian law-governed agreement establishing terms and conditions for depositing funds with a financial institution, including deposit terms, interest, and account operations.
Download
6 Month Rent Contract
A six-month residential tenancy agreement compliant with Malaysian law, outlining terms and conditions for short-term property rental.
Download
Refundable Deposit Agreement
A Malaysian law-governed agreement establishing terms and conditions for a refundable deposit, including payment terms, refund conditions, and parties' rights and obligations.
Download
Deposit Rental Agreement
A Malaysian law-governed agreement establishing terms and conditions for rental deposits between landlord and tenant, including payment, protection, and return conditions.
Download
Non Refundable Deposit Agreement
A Malaysian law-governed agreement establishing terms for a non-refundable deposit between parties, specifying payment conditions and deposit retention terms.
Download
Holding Deposit Contract
A Malaysian law-governed agreement securing a property transaction through a holding deposit, outlining terms for deposit payment, return, and forfeiture.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)