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How much does the deposit refund company charge?

The specific fees for companies that refund the deposit are as follows:

How much to refund the deposit in case of default depends on which party is in breach of contract. If the party receiving the deposit breaches the contract, the deposit shall be returned twice. In addition, the deposit shall not exceed 21% of the total contract amount. If it exceeds the specific provisions, the excess part will be invalid and cannot be double indemnity. If the party paying the deposit breaches the contract, it has no right to demand the return of the deposit. In addition, the deposit cannot exceed 21% of the total contract amount. If it exceeds the specific provisions, the excess will be invalid.

characteristics of the deposit:

1. The deposit is subordinate.

the deposit exists with the existence of the contract and disappears with the termination of the contract.

2. The establishment of deposit is practical.

the deposit is agreed by the parties to the contract, but the deposit guarantee cannot be established only if the parties agree on the deposit without the actual delivery of the deposit. Only when the parties to the contract actually deliver the deposit to the other party can the deposit be established.

3. The deposit is prepaid.

only after the contract is established and before it is performed can it play the role of guarantee. Therefore, the deposit is prepaid.

4. The down payment has double guarantee.

that is, guarantee the creditor's rights of both parties to the contract at the same time. That is to say, if the party who pays the deposit fails to perform the debt, the deposit will be lost; And the party receiving the deposit fails to perform the debt.

to sum up, if the party receiving the deposit breaches the contract, it is necessary to double the deposit.

Legal basis:

Article 587 of the Civil Code of the People's Republic of China

If the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the debt or the performance of the debt does not conform to the agreement, so that the purpose of the contract cannot be achieved, it has no right to request the return of the deposit; If the party receiving the deposit fails to perform the debt or the performance of the debt does not conform to the agreement, so that the purpose of the contract cannot be achieved, the deposit shall be returned twice.

Article 588

Where the parties have agreed on both liquidated damages and deposit, if one party breaches the contract, the other party may choose to apply the terms of liquidated damages or deposit.

if the deposit is insufficient to make up for the losses caused by one party's breach of contract, the other party may request compensation for the losses exceeding the deposit amount.