Common use of Refundable Deposit Clause in Contracts

Refundable Deposit. A security deposit in the amount of $250.00 (the “Deposit”), made by check and payable to Ashlin Park Homeowners Association, Inc., must be submitted with this Agreement to reserve the Clubhouse for the Event. The Deposit is refundable within five (5) business days of the Event provided that the Clubhouse is left clean and there is no damage to any furnishings, walls, carpets/floors, fixtures, or equipment. Any costs incurred in repairing any loss or damage to the Clubhouse or for cleaning the Clubhouse after the Event, will be deducted from the Deposit. Should damages exceed the Deposit amount, the Resident shall be responsible for any additional costs, including repair or replacement of any furnishings, walls, carpets/floors, fixtures, or equipment, which are damaged, lost, or stolen by the Resident or the Resident’s guests or invitees. Failure to pay the amounts owed for damages to the Clubhouse shall constitute grounds for the placement of a lien on the Resident’s property. The Clubhouse is a smoke free facility and smoking is prohibited in and on the grounds of the Clubhouse.

Refundable Deposit. A security deposit in the amount of $250.00 (the “Deposit”), made by check and payable to Ashlin Park Homeowners Association▇▇▇▇▇▇ Reserve HOA, Inc., must be submitted with this Agreement to reserve the Clubhouse for the Event. The Deposit is refundable within five (5) business days of the Event provided that the Clubhouse is left clean and there is no damage to any furnishings, walls, carpets/floors, fixtures, or equipment. Any costs incurred in repairing any loss or damage to the Clubhouse or for cleaning the Clubhouse after the Event, will be deducted from the Deposit. Should damages exceed the Deposit amount, the Resident shall be responsible for any additional costs, including repair or replacement of any furnishings, walls, carpets/floors, fixtures, or equipment, which are damaged, lost, or stolen by the Resident or the Resident’s guests or invitees. Failure to pay the amounts owed for damages to the Clubhouse shall constitute grounds for the placement of a lien on the Resident’s property. The Clubhouse is a smoke free facility and smoking is prohibited in and on the grounds of the Clubhouse.