Deposit Acknowledgement Receipt

Deposit Acknowledgement Receipt Template for Singapore

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Key Requirements PROMPT example:

"I need a Deposit Acknowledgement Receipt for a $50,000 property booking deposit to be paid on March 15, 2025, with specific conditions for refund if the sale doesn't proceed within 3 months."

What is a Deposit Acknowledgement Receipt?

The Deposit Acknowledgement Receipt is a crucial document in Singapore's business and legal landscape, used whenever a deposit payment is made between parties. This document serves multiple purposes: it provides legal proof of payment, outlines the terms of the deposit, and establishes the rights and obligations of both parties. Typically used in transactions ranging from property dealings to service contracts, the receipt must comply with Singapore's Contract Act and banking regulations. The document includes essential information such as party details, payment amount, purpose, date, and any specific conditions regarding refund or forfeiture.

What sections should be included in a Deposit Acknowledgement Receipt?

1. Receipt Details: Date, unique receipt number, and location of transaction

2. Parties Information: Full names and details of depositor and recipient

3. Deposit Information: Amount, currency, form of payment (cash/check/transfer)

4. Purpose Statement: Clear statement of the purpose for which the deposit is made

5. Authentication: Signatures or stamps of authorized personnel

What sections are optional to include in a Deposit Acknowledgement Receipt?

1. Terms of Refund: Include when deposit is refundable under specific conditions

2. Forfeiture Conditions: Include when deposit may be forfeited under certain circumstances

3. Payment Schedule: Include when deposit is part of a larger payment arrangement

What schedules should be included in a Deposit Acknowledgement Receipt?

1. Copy of Payment Instrument: Attach when payment is made by check or bank transfer

2. Terms and Conditions: Attach when deposit is subject to specific terms

3. Identification Documents: Attach when required for high-value transactions or regulatory compliance

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Retail
Hospitality
Construction
Professional Services

Relevant Teams

Finance
Accounts
Sales
Administration
Legal

Relevant Roles

Finance Manager
Accounts Receivable Clerk
Property Manager
Sales Manager
Administrative Officer

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.

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What is a Deposit Acknowledgement Receipt?

What sections should be included in a Deposit Acknowledgement Receipt?

What sections are optional to include in a Deposit Acknowledgement Receipt?

What schedules should be included in a Deposit Acknowledgement Receipt?

Authors

Alex Denne

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