That’s the word I was actually looking for. But reading a bit about security deposits and non-refundable deposits, they are two very different things. The first is a security like the name implies and credit scores have a similar purpose, they want to be sure that you are able pay. Non-refundable deposits are essentially just fees that are paid even when you back out of the rental contract and don’t move in.
That’s the word I was actually looking for. But reading a bit about security deposits and non-refundable deposits, they are two very different things. The first is a security like the name implies and credit scores have a similar purpose, they want to be sure that you are able pay. Non-refundable deposits are essentially just fees that are paid even when you back out of the rental contract and don’t move in.