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Deposit terms review

Read what the contract says about the deposit.

Version
2026.1
Last updated
October 24, 2026

Prepared by ArtBuild to help you organise your paperwork. It is general information, not legal advice, and it has not been reviewed by a lawyer. Check the rules for your province or territory before you act.

Part of the Construction Deposits and Refunds Kit: start with its guide, and download the whole kit there.

Download PDF Download editable Word (.docx)

Read the deposit term in context

Collect the entire agreement and sales history. Identify the purpose of the payment, the obligations it supports and whether consumer rules may apply. The words deposit, advance, retainer and nonrefundable are facts to review, not automatic legal outcomes.

Project parties and jurisdiction
Residential or commercial purpose
Contract date formation channel and location
Exact deposit clause and related definitions
Deposit amount and payment schedule
Cancellation refund and default provisions
Contract copy delivered when and how
RecordEvidence referenceUnresolved point
Sales representation[enter][enter]
Signed terms[enter][enter]
Receipt and allocation[enter][enter]
Later variation[enter][enter]

Record the legal application review

QuestionReviewer conclusionSource and facts
Mandatory consumer rules[to check][enter]
Effect of deposit wording[to check][enter]
Permitted deduction categories[to check][enter]
Refund trigger and timing[to check][enter]
Trust or segregation requirements[to check][enter]

Fictional issue: the quotation says deposit, the signed agreement says advance against milestones, and an email describes it as nonrefundable. Preserve all three records and ask the reviewer to resolve the conflict.

Reviewer name jurisdiction and date
Remaining facts or documents
Authorized interim action
Next review trigger

No default cancellation period or permitted retention percentage is supplied. Unverified wording must not be presented as legally approved.

Before you act: this document is general information prepared by ArtBuild to help you organise facts and paperwork. It is not legal advice and has not been reviewed by a lawyer for your situation. Rules differ by province and territory and change over time. Check the official source for your project, and for deadlines, liens, court or insolvency steps, speak with a lawyer licensed where the project is located.

All Construction Contracts

ArtBuild template All of Canada

Completed Work and Cost Record

Record work completed and its cost. Part of the Construction Deposits and Refunds kit.

Version 2026.1

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