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That all depends on the contract you signed and the circumstances. You need to review the contract and consult with an attorney if necessary.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoYes. That's the idea of a deposit.
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Non refundable deposit refundable when?
Non refundable deposit means that the deposit will NOT be refunded to you at any time in the future after you make the non refundable deposit.
What is diffenrence between security deposit and caution deposit?
I believe they are the same thing but ask to be sure. The law refers to the "security deposit" and no portion can be non-refundable (at least in California) so make sure the "caution deposit" isn't in addition.
Accounting treatment for refundable deposit?
I received rental refundable deposit back, how i treat in account and what type of head is it.......
Why does a lease gives both the tenant and the landlord security?
A security deposit is a refundable deposit that a tenant pays to their landlord before they move into a property As long as a tenant abides by the terms of their lease, this deposit should be returned to a tenant when their lease has expired. There are certain situations where a landlord is allowed to keep all or part of a tenant's security deposit.
How do get your deposit back from a car dealer if you don't buy the car?
That depends on whether you signed anything when you put down the deposit, and whether it was a refundable deposit or a non-refundable one.
Is a non refundable deposit legal?
I've never heard of a non-refundable rent deposit. The term "deposit" is money that is left to cover certain damages if they occur. Otherwise one is entitled to its entire or partial refund (normally with receipts and documentation explaining the offset amounts). If a "Deposit" is non-refundable, then it's not a deposit, rather a fee-- typically the case with pet fees.
What is a half down non refundable deposit?
A half-down non-refundable deposit would be a 50% deposit on what you're making the deposit on (a $700 per month rent apartment might require a half-down deposit, i.e. $350), this deposit will not be returned at the end of the term / deal / transaction.
What are refundable containers?
A refundable container is one that you put a deposit on when you purchase it. When you return the empty container, you receive your deposit back. There are currently 10 US states that participate in this type of program.
In California is a deposit on a car refundable if don't buy it?
Unless it is stated in writing that the deposit is refundable, it typically isn't. The person accepting the deposit has essentially removed the car from the market and may have missed another sale because you had made the deposit, which was your promise to purchase the vehicle.
Does a non refundable deposit cover anything?
It would be part of the payment for whatever the deposit is on. If you don't buy or use what the deposit is on, it is not refunded.
Is a pet deposit refundable in Pennsylvania?
I'm no lawyer but... There is a general principle that all deposits demanded by a landlord must be 100% refundable. The deposits may be used for legitimate expenses, such as damage done by the pet, but if it's not refundable, it's not a deposit, it's a fee. Tenants have a right to know what repairs or cleaning are required to get their deposit back and they have a right to do that work. If they fail to do it, then charges can be subtracted from the deposit.
What is the difference between a utility deposit and a service initiation fee?
deposits are refundable and fees are not
