Common use of Security Deposit Return Clause in Contracts

Security Deposit Return. Wisconsin Administrative Code, ATCP 134.06(2)(d) requires the Owner to refund the security deposit in one check, draft or money order made payable to all Tenants who are parties to the rental agreement unless the Tenants designate a payee in writing. Owner has 21 days from the end of the lease to return the security deposit. (See Section 1.7)