That all depends on the contract you signed and the circumstances. You need to review the contract and consult with an attorney if necessary.
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 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.
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.
I received rental refundable deposit back, how i treat in account and what type of head is it.......
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.
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.
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.
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.
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.
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.
First, last, and security deposit are payments made by a tenant to a landlord when renting a property. The "first" refers to the first month's rent, the "last" refers to the last month's rent, and the "security deposit" is a refundable amount held by the landlord to cover any damages or unpaid rent at the end of the lease.
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.