Problems with "breakage dep"

Question

I am studying the software product meant for the property management. I have an account on the web site, and the section "Payment terms" is a real Greek to me.

As fas as I understand, the property rent fee could be paid in parts, and the fields which I am asked to fill up for this are:

payments :	due	amount
deposit :	days weeks after booking date % balance : days weeks before start of stay calculated by system breakage dep : days weeks before start of stay % $ (USD) per booking breakage return : days weeks after end of stay calculated by system I have no idea what "deposit", "balance", "breakage dep" and "breakage return" mean Many thanks to people who can assist me in understanding.

Mister Micawber · Accepted Answer

Deposit is an initial payment required as surety for completion of the rental contract (which will possibly be equal to about 2 months' rent). It will be eventually be applied to the rental fee.

Balance is the rest of the (pre-?) payment required by the rental agreement.

Breakage dep(osit) is an additional amount required as surety against breakage or damage to the property.

Breakage return is the part of the breakage deposit which will be returned to the lessee at the end of the rental contract. It is usually less than the original deposit by the amount of 'normal wear and tear', unless actual damage has occurred.

(My definitions are open to considerable amendment, as there is a large variety of lease agreements.)

Kedra · Answer

Thanks! You helped a lot! [A]

Problems with "breakage dep"

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