Common use of Security/Damage Deposit Clause in Contracts

Security/Damage Deposit. Renter acknowledges a security deposit of one thousand dollars ($1,000.00) can be charged to renter’s credit card. Security deposit will be waived as long as renter provides Island View with a valid credit card on file, ISLAND VIEW shall be authorized to charge RENTER’S credit card on file for the full amount of such security deposit, along with any other costs incurred by RENTER in accordance with the terms hereof. Any unused portion of the security deposit will be released after the completion of the rental period, provided no damage to the equipment is found, and no additional charges have accrued as outlined under this agreement. ISLAND VIEW reserves the right to inspect rental equipment up to thirty (30) days after the rental period if necessary to have mechanics or repairmen view and fix any damage that was incurred while RENTER had equipment in his/her possession. If damage is caused or permitted by RENTER during the rental period, RENTER authorizes Island View to charge the credit card on file for the full amount of any such damages, including repair costs and to then notify RENTER of the same. RENTER understands that all damages will be repaired by ISLAND VIEW’s authorized mechanics and/or repairmen; and no repairs will be allowed by RENTER or others. I understand that I as RENTER am responsible for all damages, even if they are above the amount of my initial security deposit authorization.

Security/Damage Deposit. Renter acknowledges a A security deposit of one thousand dollars ($1,000.00) can be charged is required to renter’s credit cardrent the equipment and is due at the time of equipment check out. Security deposit will be waived as long as renter provides Island View with a valid credit card on fileUnless prior arrangements are made to pay via different means, ISLAND VIEW BEAR HOLLOW shall be authorized to charge RENTER’S credit card on file for the full amount of such security deposit, along with any other costs incurred by RENTER in accordance with the terms hereof. Any unused portion of the security deposit will be released after the completion of the rental period, provided no damage to the equipment is found, and no additional charges have accrued as outlined under this agreement. ISLAND VIEW BEAR HOLLOW reserves the right to inspect rental equipment up to thirty (30) days after the rental period if necessary to have mechanics or repairmen view and fix any damage that was incurred while RENTER had equipment in his/her possession. If damage is caused or permitted by RENTER during the rental period, RENTER authorizes Island View BEAR HOLLOW to charge the credit card on file for the full amount of any such damages, including repair costs and to then notify RENTER of the same. RENTER understands that all damages will be repaired by ISLAND VIEWBEAR HOLLOW’s authorized mechanics and/or repairmen; and no repairs will be allowed by RENTER or others. I understand that I as RENTER am responsible for all damages, even if they are above the amount of my initial security deposit or authorization.. Boat Rental Agreement