Common use of Online Payment Charge Backs Clause in Contracts

Online Payment Charge Backs. In the event that a tenant cancels a rent payment made using a Credit Card known as a 'Charge Back' and the credit card company upholds the cancellation and refunds the tenant, the Landlord shall return to Xxxxxx Realty all monies received from that payment. By definition written by the New Jersey Real Estate commission, a 'Charge Back' is the re-crediting of a previously charged payment to the account of a cardholder through the electronic debiting of the account of the broker.

Appears in 7 contracts

Samples: Realty Rental Listing Agreement, Realty Rental Listing Agreement, Realty Rental Listing Agreement

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