![]() ![]() Also, deposits can often lead to clients arguing that the deposit should potentially be transferable because the services were never performed and that you could perform them at a later date because they already put down the money. cancellation or rescheduling happens), then your client could ask for their “deposit” back since it was supposed to go towards the total fee for services you never performed. Thus, using the term deposit gets sticky for service providers like photographers. It's basic knowledge then that the security deposit is refundable to the renter upon checkout and if no damages have occurred and all rent has been paid. ![]() Then, you likely have to pay the additional first month’s rent. We are all very accustomed to paying a “security deposit” in order to secure our rental for potential damages that could occur. ![]() The issue is that the legal term “deposit” is mostly seen in landlord-tenant law. A deposit is seen as putting down a partial payment for services rendered with additional payments being made throughout your agreement with a client. Typically, a deposit is refundable once the service has been completed or it can be applied to the client’s total costs. A deposit is a payment towards the total fee for services. ![]()
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