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How do contracts' early withdrawal work? What happens with deposits to return (completely or partially)? How do you do the accounts between both parties?
How do contracts' early withdrawal work? What happens with deposits to return (completely or partially)? How do you do the accounts between both parties?
RYN avatar
Written by RYN
Updated over a year ago

Ending a Contract: Termination and Return of Deposit

At some point, a lease or contract may come to an end, which can bring up many questions and concerns.

When it comes to ending a contract, there are two ways that it can happen: ending on its natural end date or having Early Withdrawal.

If Your contract ends on its natural end date, the contract simply ends and nothing needs to be updated or changed. However, for Early Withdrawal, you will need to amend the Date in the Edit Lease field.

When it comes to getting the deposit returned, below the Edit Lease button you will find the Deposit Return button. This is where you can see how much deposit shall be returned to you depending on if any of your expenses are opened or overdue. You can also add any Closing Expenses that may be necessary.

We hope this brief overview has been helpful to better understand Ending a Contract and the Return of the Deposit.
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To date, the deposit is not returnable via MangoPay.

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