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What is the difference between a utility deposit and a service initiation fee?
deposits are refundable and fees are not
What is the policy for the non-refundable deposit for this apartment?
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.
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.
What is the difference between a utility deposit and a service intiation fee?
A utility deposit is a refundable amount that a utility company may require from new customers to cover potential non-payment, serving as a security for the company. In contrast, a service initiation fee is a one-time charge for setting up or activating utility services at a new location, covering administrative costs and installation. While the deposit is meant to protect the utility provider, the initiation fee is for the service setup process itself.
What is difference between prepaid expenses and deposits?
There isn't much of a difference between a prepaid expense and a deposit. Both terms are monies that are paid in advance to pay for something. With a prepaid expense, the money pays usually for a bill or utility. A deposit on the other hand, is sometimes given back after the obligation is paid. If it is not paid, the deposit is kept as payment.
What is the order cleaning charges are deducted by a landlord after moving out nonrefundable or pet deposit?
out of a 2200 deposit how much should be set aside for non refundable for cleaning ect.
What is the difference between a utility deposit and a service initiation fee?
deposits are refundable and fees are not
Do I have to refund a deposit on a deal gone bad?
A deposit may be either refundable or nonrefundable, depending on the wording used in the contract. Read the contract, if it states that the deposit is nonrefundable then you won't refund it. Otherwise you will likely have to refund the deposit, as the absence of a nonrefundability clause is usually taken to imply that the deposit was refundable. If there was no written contract it might just be best to refund it to avoid an argument and remember to use a written contract with an explicit nonrefundability clause in it next time if you want to avoid refunding the deposit.
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.
Should the lessor amortize the nonrefundable security deposite?
There is no such thing as a nonrefundable security deposit.
In the state of Georgia what is the difference between a pet deposit and a pet fee?
A deposit is made to cover any possible damages and may be returned if there is no damage. A pet fee is non-refundable charge for having a pet.
Accounting treatment for refundable deposit?
I received rental refundable deposit back, how i treat in account and what type of head is it.......
Is a deposit on a used car refundable?
A deposit on a used car may or may not be refundable, depending on the terms agreed upon with the seller. Typically, if the deposit is non-refundable, it means the buyer forfeits it if they decide not to proceed with the purchase. However, if the seller agrees to a refundable deposit, the buyer can get their money back if they do not complete the transaction. Always clarify the terms before making a deposit to avoid misunderstandings.
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 the policy for the non-refundable deposit for this apartment?
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.
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.
