Common use of Fee Deposit Clause in Contracts

Fee Deposit. A $20.00 non-refundable fee shall be paid to the Paramount Owners Association by the Member via credit card or check. A $100.00 refundable cleaning and damage deposit shall be authorized at the time of reservation, and will only be charged in the event that damages occur or cleaning is necessary after the event. The $20.00 non-refundable fee will be deposited into the miscellaneous building account and will be used for repairs due to normal wear and tear to the building. Reservations cancelled at least 72 hours prior to the event will not be charged.