Common use of Payment of Balance Clause in Contracts

Payment of Balance. Payment of the balance of the accommodation cost is due in cleared funds a minimum of 8 weeks prior to the arrival date. It is the Client’s responsibility to ensure that payment is received by the due date. Non-payment of the balance will be deemed as a cancellation and a cancellation fee of 30% of the unpaid amount shall be due and owing to the owner. The Owner either accepts payment by online transfer or by cheque. In the latter case, it is the Client’s responsibility to ensure that the funds are received by the Owner by the due date.