Please Need Help with Wording for 2 Week Security Deposit

[lovemydaycare0912]

If a parent is saying, I'm not giving you a two-week notice, but give me back my deposit, that deposit is for their two weeks. You don't give it back in that situation - their deposit is applied to those last two weeks. They can use it if they want. If they don't want to - you got paid for your two weeks regardless. If you're terminating because of behavior, and don't want to watch the child anymore, then you would refund because you're not willing to provide services.

Okay I understand now. Thanks. Sorry, it has been a long day.

[Blackcat31]

If a parent is saying, I'm not giving you a two-week notice, but give me back my deposit, that deposit is for their two weeks. You don't give it back in that situation - their deposit is applied to those last two weeks. They can use it if they want. If they don't want to - you got paid for your two weeks regardless. If you're terminating because of behavior, and don't want to watch the child anymore, then you would refund because you're not willing to provide services.

Yes, what she said ^^

Okay I understand now. Thanks. Sorry, it has been a long day.

YES! It HAS been a super long day today.

Everyone was "off" and just not operating as normal today.
Hoping tomorrow is better for you and me! ....and everyone else that had an "off" day.

[lovemydaycare0912]

Yes, what she said ^^



YES! It HAS been a super long day today.

Everyone was "off" and just not operating as normal today.
Hoping tomorrow is better for you and me! ....and everyone else that had an "off" day.

Ahhh yes thanks! We have had a nice few days since Friday. Only 5 on Friday and Mon and Tues were only 4 kids. Back to 6 today and almost everyone was coughing. BUTTTTT I also heard Friday will be full moon and also Friday the 13th so let's hope for the best.

[Crazy8]

I never return a deposit. I state in my contract that their deposit will be credited to their last week of care, so if they are currently paying more than the deposit they pay that difference. I also state (many times, ) that the deposit would be forfeited if notice is not given or if there are violations of the contract. In all my cases of termination I was willing to give them notice as well, but if it was something severe that required immediate termination my contract states they forfeit their deposit. If they wanted their deposit credited (again, I never use the word "return" - always credited/forfeited) then they need to follow the rules of the agreement.

[Ariana]

So if you term a family effective immediately you don't return the deposit?
Has that happened before?

Personally I would return a deposit if I was unable or unwilling to provide care for the final two weeks.

Keeping the deposit for services you (general you) won't or can't provide doesn't feel right to me.

I can explain it a bit better hopefully! I have a 6 week trial period in which the deposit will be returned where I do not provide a 2 week notice. Basically if I term you within the trial period it is effective immediately and you get your deposit back. After that trial period I am talking about immediate termination for things like non payment of fees or chronic lateness...basically not following my policies. If I have to terminate you for those reasons there is no reimbursement of fees.

I am lucky that I have never had to immediately term a family for not following policy. I also generally give people a few chances but my limit is 3 for late payments and picking up late. All of this is written in my contract which is an added incentive to follow my policies.

[Ariana]

If you raise the rates, take the difference of their first deposit and make it due along with their new contract.

I have a situation like this right now. I raised the rates after the initial deposit was paid. I am going to simply let the parents know that they owe me x amount to cover the last two weeks of care to make up for the difference that the deposit will not cover. If we ended on bad terms and she didn't return for those two weeks I would just forfeit the money. This is the only time I have ever increased fees for a currently enrolled family but it is only because the mom was not forthcoming about how long it would take her to commute from work.