Common use of Initial Rental Deposit Clause in Contracts

Initial Rental Deposit. A deposit totaling 35% of the agreed upon Total Amount is due with acceptance of rental agreement. Payment of deposit shall be deemed as acceptance of this rental agreement. Payment may be made by traveler's checks, bank money order, certified check or major credit card. Personal checks will be accepted upon approval; if funds are not credited within seven days booking will be cancelled. The deposit amount is $_DepositAmount_. Balance is due 30 days prior to arrival date. The balance is due on _BalanceDueDate_. Payment may be made by traveler's checks, bank money order, certified check or major credit card. Personal checks will be accepted upon approval; if funds are not credited within seven days, booking will be cancelled unless prior arrangements are made. If you have paid your initial deposit with a credit card and that card is on file in our system, Prime Time Vacation Rentals may automatically collect the balance due at the 30 day period. If you do not want this payment automatically deducted, please let us know that you intend to make the payment yourself on or before the day that it is due.