Common use of Reservation Deposit Clause in Contracts

Reservation Deposit. This application shall be accompanied by a Reservation Deposit, in the form of a check or money order for $100.00. We do not accept cash payments. The Reservation Deposit will be refunded if the application is withdrawn by the RENTER before the Borough approves the application. In instances where the Application is approved, and the RENTER cancels the event the Borough retains the Reservation Deposit. If the event is held the Reservation deposit is credited towards the final rental fee amount.

Reservation Deposit. This application shall be accompanied by a Reservation Deposit, in the form of a check or money order for $100.00100. We do not accept cash payments. The Reservation Deposit will be refunded if the application is withdrawn by the RENTER before the Borough approves the application. In instances where the Application is approved, approved and the RENTER cancels the event the Borough retains the Reservation Deposit. If the event is held the Reservation deposit is credited towards the final rental fee amount.