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Old 12-16-03, 10:16 AM   #12 (permalink)
Jeff Hathaway
Join Date: Mar-2003
Location: Orillia, ON
Age: 47
Posts: 460
It would be possible to write a contract where the 'deposit' is non-refundable. Nobody bothers to for things with small dollar values, though. If it were a deposit on a $30K construction contract, imagine the contract that might be involved:-)

If you charge a 'holding fee', or a 'reservation fee' that is separate to the purchase price, I believe that it would truly be non-refundable.

And personally, I'm with Grant. If I charged a non-refundable deposit (which I never have for anything), I wouldn't give it back if the person changed their mind.

Jeff Hathaway
Sciensational Sssnakes!!
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