Common use of Deposit and Payment Clause in Contracts

Deposit and Payment. The lessor can require the renter to provide a security deposit for the vehicle and to cover the financial liability arising from the rental agreement. Such security can be in the form of a charge made to a debit/credit card, bank deposit, cash payment or other form of deposit that may be agreed between the parties. The renter agrees that the lessor can charge the renter's debit/credit card or deposit for rental charges based on time and mileage, tolls and other fees or charges as well as fuel and maintenance if applicable.

Deposit and Payment. The lessor can require the renter to provide a security deposit for the vehicle and to cover the financial liability arising from the rental agreement. Such security can be in the form of a charge made to a debit/credit card, bank deposit, cash payment or other form of deposit that may be agreed between the parties. The renter agrees that the lessor can charge the renter's ’s debit/credit card or deposit for rental charges based on time and mileage, tolls and other fees or charges as well as fuel and maintenance if applicable.