Difference between retention money and security deposit
This query is : Resolved
28 February 2014
the basic difference is that security deposit is given by the depositor/tenant etc
whereas retention money is retained out of payments to be made to the developer.
So security deposit is in excess to the contractual payments whereas retention money is part of contractual payments withheld subject to certain compliances.
whereas retention money is retained out of payments to be made to the developer.
So security deposit is in excess to the contractual payments whereas retention money is part of contractual payments withheld subject to certain compliances.
28 February 2014
kindly specify what is the diff between developer and builder?
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