Security Deposit
Quick answer
The website uses 'security deposit' for a rental-specific hold or collected amount, while the Agreement expressly describes a reasonable payment-card reserve.
60-second explanation
Why it matters
A deposit can affect available money or credit even though it is separate from the rental charge, and release expectations can cause confusion.
In plain English
The Agreement clearly supports a payment-card reserve. Current public pages also discuss a potentially refundable security deposit, but the exact method, amount, variables, application, and refundability need an approved Finance policy.
That means the safe answer is rental-specific: confirm what will be held or collected, why, and how release works.
Useful context—not a universal rule
Rental companies use deposits or holds to manage possible obligations. Terminology and processing vary, so one company's deposit description should not be applied universally.
What to confirm before you arrive
Practical checklist
- Confirm the exact amount and payment method.
- Ask whether it is an authorization or collected amount.
- Ask when STARS authorizes release and remember the issuer controls posting.
Example
A renter may need enough available funds for both the rental charge and a separate authorization hold.
Treating every deposit as a guaranteed refundable cash amount or promising a bank-release deadline.
Knowledge graph
Related terms
Deeper guides
Information and Agreement boundary
This plain-language entry is educational, not legal advice. The Rental Agreement, Rental Record, confirmed STARS policy, applicable law, and rental-specific facts control. Industry context does not create a STARS promise, price, or contractual obligation.