Common use of Deposit Fee Clause in Contracts

Deposit Fee. Half of the Rental fee is due at time of returning the signed rental agreement to hold the date of event. In the event of a cancellation, this deposit fee will be forfeited. Any member who rents the clubhouse can charge rental fee/catering fee to account. ▪ Remainder of rental fee is required (5) business days prior to event, or the event will be cancelled. If event host/ hostess sponsored by a member is delinquent in payment for event, Member is responsible for seeing that payment is rendered.