little chickee
01-03-2010, 03:25 PM
I am getting really confused about the difference between retainers and deposits.
If i have someone wanting to use a space in July i want to charge to keep that place open for them. My thought is to charge a set fee per week to prevent me from offering that place to someone else.
Then in July she will start paying the full amount. I do not want to then take off the money she has paid as a retainer off of the first months fee because as i see it i could have sold that place to someone else and been paid a full fee. Is this right?
So how is a deposit different?
If i have someone wanting to use a space in July i want to charge to keep that place open for them. My thought is to charge a set fee per week to prevent me from offering that place to someone else.
Then in July she will start paying the full amount. I do not want to then take off the money she has paid as a retainer off of the first months fee because as i see it i could have sold that place to someone else and been paid a full fee. Is this right?
So how is a deposit different?