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.
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.
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.
I received rental refundable deposit back, how i treat in account and what type of head is it.......
It means that it's Non-Refundable No money Back Deductible means takes out I think Im not shure But hoped It helped :)
Yes. There are two kinds: refundable and non-refundable. If a non-refundable credit exceeds the taxpayer's liability, the excess credit is lost. If a refundable credit exceeds the taxpayer's liability, the excess is refunded to the taxpayer.
A refundable deposit can be returned to you if you meet certain conditions, while a non-refundable deposit cannot be returned to you under any circumstances.
The policy for the non-refundable deposit for this apartment is that once it is paid, it cannot be returned to you under any circumstances.
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.
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.
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.
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.
I received rental refundable deposit back, how i treat in account and what type of head is it.......
out of a 2200 deposit how much should be set aside for non refundable for cleaning ect.
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.
refundable
You don't. That's what "non-refundable" means.
Non-refundable (Web fares only)Non-refundable (No further discounts)Refundable