Common use of Reservation Deposit Clause in Contracts

Reservation Deposit. At time of booking, an initial deposit of $100.00 and rental agreement is due within five (5) business days to secure your reservation. The deposit will be applied to your balance. If booking a reservation within 30 days of occupancy, the full rental amount and deposit is due at the time of booking. Otherwise, payment is due 30 days prior to your stay.