Form 440-4603 Deposit in Lieu of Security Device - Oregon

What Is Form 440-4603?

This is a legal form that was released by the Oregon Department of Consumer and Business Services - Division of Financial Regulations - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 440-4603?
A: Form 440-4603 is a form used in Oregon for making a deposit in lieu of a security device.

Q: What is a deposit in lieu of a security device?
A: A deposit in lieu of a security device is a monetary deposit made by a tenant in place of providing a physical security device, such as a security deposit.

Q: Who needs to use Form 440-4603?
A: Tenants in Oregon who wish to make a deposit in lieu of a security device need to use Form 440-4603.

Q: What information is required on Form 440-4603?
A: Form 440-4603 requires the tenant's name, address, and the amount of the deposit being made.

Q: Is the deposit in lieu of a security device refundable?
A: Yes, the deposit in lieu of a security device is refundable, provided the tenant meets all the terms and conditions of the rental agreement.

Q: Can a landlord require a security deposit in addition to a deposit in lieu of a security device?
A: No, a landlord cannot require both a security deposit and a deposit in lieu of a security device. It must be one or the other.

Q: Can a tenant use a deposit in lieu of a security device for any damages caused?
A: No, a deposit in lieu of a security device can only be used for unpaid rent or damages specified in the rental agreement.

Q: Can a tenant request the return of a deposit in lieu of a security device?
A: Yes, a tenant can request the return of a deposit in lieu of a security device by providing a written notice to the landlord.