Security Deposits

When a Security Deposit May Apply

A security deposit may apply to office furniture hire depending on the project. Deposit requirements can vary according to the hire duration, furniture value, customer profile, delivery location, quantity of items and the overall commercial risk of the hire arrangement.

There is no universal deposit formula published for every transaction. The amount, payment timing and handling of the deposit are confirmed in the written quote or hire agreement.

How Deposit Amounts Are Confirmed

The deposit may reflect the furniture supplied, the length of the hire, the value of desks, office chairs, workstations, storage and other items, and the information available about the customer or project. Larger temporary office furniture projects may require a different deposit approach from a small office furniture hire order.

Possible Deductions

Deductions may apply where the written agreement allows for them. This can include damage, missing items, unpaid hire fees, unpaid delivery or collection charges, loss, excessive wear or other charges connected with the hire arrangement.

Refund or Application of Deposits

Refunds or application of deposits are managed according to the written agreement after the furniture is returned, checked and any outstanding charges are reviewed. Customers should keep the agreed terms available for reference throughout the hire period.