Common use of Payment Method and Deposit Clause in Contracts

Payment Method and Deposit. At the start of the hire period, the agreed security deposit must be paid by credit card as security for the return of the vehicle in undamaged and clean condition. Without such a security deposit the vehicle shall not be handed over. A delayed down payment, delayed full payment or delayed or insufficient security deposit, entitles Roadsurfer to cancel the rental agreement without notice for good cause, subject to any claims for damages. When the vehicle is handed over at the start of the hire period, any existing damage to the vehicle is recorded in writing. If the vehicle is returned in undamaged condition (ordinary wear and tear, and any damage indicated on the damage report prior to rental excepted), the security deposit shall be refunded immediately after the end of the hire period. Any blocking of the security deposit by means of a credit card shall be automatically released again. However, this shall not exempt the Hirer from liability for concealed or hidden defects or damage which are discovered within 48 hours of the return of the rented vehicle. In the event of an accident involving another driver, we shall retain or demand the security deposit until the question of guilt has been clarified beyond doubt, judicially or extrajudicially.

Payment Method and Deposit. At the start of the hire period, the agreed security deposit must be paid by credit card as security for the return of the vehicle in undamaged and clean condition. Without such a security deposit the vehicle shall not be handed over. A delayed down payment, delayed full payment or delayed or insufficient security deposit, entitles Roadsurfer to cancel the rental agreement without notice for good cause, subject to any claims for damages. When the vehicle is handed over at the start of the hire period, any existing damage to the vehicle is recorded in writing. If the vehicle is returned in undamaged condition (ordinary wear and tear, and any damage indicated on the damage report prior to rental excepted), the security deposit shall be refunded immediately after the end of the hire period. Any blocking of the security deposit by means of a credit card shall be automatically released again. However, this shall not exempt the Hirer Renter from liability for concealed or hidden defects or damage which are discovered within 48 hours of the return of the rented vehicle. In the event of an accident involving another driver, we shall retain or demand the security deposit until the question of guilt has been clarified beyond doubt, judicially or extrajudicially.