The Forfeit Deposit Letter is a crucial document in Singapore's business and legal landscape, used when one party needs to formally notify another that their deposit will be retained due to specific breaches or failures. This document requires careful drafting to ensure compliance with Singapore contract law and to establish a clear legal basis for the forfeiture. The letter should detail the original agreement, specify the deposit amount, explain the breach or failure that triggered the forfeiture, and reference relevant contractual clauses. It's particularly important in real estate transactions, construction contracts, and other commercial agreements where substantial deposits are involved.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Date and Address Block: Current date and full recipient details including name and address
2. Reference Line: Reference to relevant transaction/agreement and any reference numbers
3. Subject Line: Clear indication that this is a Deposit Forfeiture Notice
4. Transaction Details: Details of the original agreement, deposit amount, and date paid
5. Forfeiture Statement: Clear statement of deposit forfeiture and legal basis
6. Justification: Explanation of the breach or circumstances leading to forfeiture
7. Closing: Formal closing, signature block and company details
1. Grace Period Notice: Optional section specifying any grace period for remedy of breach
2. Alternative Resolution Options: Optional section outlining any alternative solutions or negotiation possibilities
3. Further Action: Optional section detailing any additional legal steps that may be taken
1. Original Agreement Extract: Relevant excerpts from the original agreement regarding deposit terms
2. Payment Evidence: Documentation of deposit payment and transaction records
3. Breach Evidence: Documentation supporting the breach or circumstances leading to forfeiture
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Security Deposit Receipt
A Singaporean legal document acknowledging receipt of security deposits, detailing terms for residential or commercial transactions.
find out more
Security Deposit Invoice
A Singapore legal document for requesting and recording security deposit payments in property and business transactions.
find out more
Rent Deposit Receipt
A Singapore legal document recording a rental security deposit payment, ensuring compliance with local rental regulations.
find out more
Real Estate Deposit Receipt
A Singapore legal document recording a property deposit, outlining terms, and ensuring compliance with property laws.
find out more
Pre Contract Deposit Agreement
A Singapore legal document outlining deposit terms for high-value transactions, ensuring compliance with contractual and property laws.
find out more
Holding Deposit Agreement
A Singapore legal document securing initial property transaction terms and deposit conditions for buyers and sellers.
find out more
Earnest Money Agreement
A Singapore legal document detailing earnest money terms for property transactions, ensuring compliance with local property laws.
find out more
Deposit Receipt
A Singapore legal document detailing deposit payment terms, ensuring compliance and protecting transaction interests.
find out more
Deposit Invoice
A Singapore business document recording advance payments, ensuring compliance with taxation and business regulations.
find out more
Deposit Form
A Singaporean legal document standardizing deposit transactions, ensuring compliance and protecting parties' interests.
find out more
Deposit Contract
A Singapore legal document formalizing deposit arrangements, detailing terms, conditions, and compliance with local legislation.
find out more
Certificate Of Deposit
A Singapore legal document detailing fixed-term deposit agreements, ensuring compliance with MAS regulations for financial institutions.
find out more
Term Deposit Form
A Singapore-compliant form establishing terms for fixed-term deposits between financial institutions and depositors.
find out more
Term Deposit Application Form
A Singapore-compliant application form for establishing term deposit accounts under MAS regulations.
find out more
Request For Return Of Security Deposit Form
A formal request document used in Singapore for the return of security deposits from landlords after lease termination.
find out more
Rental Deposit Agreement Form
A Singapore-compliant agreement establishing terms for rental security deposits between landlord and tenant.
find out more
Recurring Deposit Form
A Singapore-compliant banking form for establishing regular fixed deposits with specified terms and conditions under MAS regulations.
find out more
Paycheck Direct Deposit Form
A Singapore-compliant form authorizing automatic deposit of employee salaries into designated bank accounts.
find out more
Money Deposit Form
A Singapore-compliant form documenting the placement of funds with a financial institution, subject to MAS regulations.
find out more
Letter Of Direct Deposit
A Singapore-compliant authorization document for setting up automatic deposits into a specified bank account.
find out more
Forfeit Deposit Letter
A formal notice under Singapore law declaring the forfeiture of a deposit due to breach of contract or specified conditions.
find out more
Fixed Deposit Receipt
A Singapore-compliant document evidencing a time deposit, specifying amount, interest rate, and maturity terms.
find out more
Fixed Deposit Form
A Singapore-compliant banking document that establishes terms for fixed-term deposits between financial institutions and customers.
find out more
Fixed Deposit Application Form
A Singapore-compliant application form for establishing a fixed deposit account with a financial institution, subject to MAS regulations.
find out more
Fixed Deposit Account Opening Form
A Singapore-compliant banking form for opening fixed deposit accounts, establishing terms between financial institutions and customers under MAS regulations.
find out more
Dispute Security Deposit Deductions Letter
A Singapore-compliant formal letter detailing and justifying security deposit deductions from a tenancy agreement.
find out more
Direct Deposit Form
A Singapore-compliant authorization form for automatic deposit of payments into an employee's bank account.
find out more
Direct Authorization Form
A Singapore-compliant legal document granting specific banking or payment authorizations to financial institutions.
find out more
Car Deposit Form
A Singapore-compliant legal document formalizing vehicle purchase intention through deposit payment and establishing transaction terms.
find out more
Vendor Direct Deposit Form
A Singapore-compliant form that establishes electronic payment arrangements between companies and their vendors through direct deposit.
find out more
Security Deposit Agreement Form
A Singapore-compliant legal document establishing terms for holding and managing security deposits between parties.
find out more
Itemized Security Deposit Deduction Letter
A Singapore-compliant formal letter detailing justified deductions from a tenant's security deposit at lease end.
find out more
Direct Deposit Request Form
A Singapore-compliant form authorizing automatic deposits into a designated bank account.
find out more
Deposit Refund Form
A Singapore-compliant legal document used to request and process the return of deposits, governed by local consumer protection and contract laws.
find out more
Deposit Application Form
A Singapore-compliant legal document for opening deposit accounts with financial institutions, regulated by MAS and the Banking Act.
find out more
Certificate Of Deposit Form
A Singapore-compliant document evidencing a time deposit agreement between a bank and depositor, including terms, conditions, and deposit insurance coverage.
find out more
Cash Deposit Receipt
A legally compliant document issued by Singapore financial institutions acknowledging receipt of cash deposits.
find out more
Standard Direct Deposit Form
A Singapore-compliant form authorizing automatic electronic fund transfers into a designated bank account.
find out more
Security Deposit Release Form
A Singapore-compliant legal document that records the return of a security deposit from landlord to tenant at the end of a lease.
find out more
Vendor Direct Deposit Authorization Form
A Singapore-compliant authorization form enabling automatic electronic payments from organizations to their vendors' bank accounts.
find out more
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)