Last Weeks Deposit

[Emma H]

Hi everyone!

Does anyone charge parents a deposit when the contract is signed to hold their spot? I used to charge a one week deposit and apply it to their last week but now I am leaning towards a two week deposit for future clients.

Also I used to give 10 vacation days but now I only offer 5 so I want to make sure then don't use their vacation and then leave.

[BlueRose]

check out this website: http://homedaycarebusiness. weebly.com/ It has a on fees that has information on deposits and holding fees.

[Emma H]

Thank you! super useful!!

[33 Daiseys]

I actually get a 2 week deposit for the first two weeks of care, and I have a one months notice, or lieu of payments in my contract.

[Busy ECE mommy]

I have both deposits and holding fees in my contracts. I take a 2 week deposit with the contract, and apply it to the last 2 weeks of care, and that is if they are starting within one month. If I have a spot open now, then I charge a "holding" fee for a spot that they want held open longer than one month. That is also a 2 week fee per month to hold it open, and I get the fees in the 1st of every month, and holding fees are not applied to the last 2 weeks of care.
I also require one month's notice for withdrawals.

[5 Little Monkeys]

I ask for a month notice of withdrawal and I apply their one week deposit than.

[Suzie_Homemaker]

Does anyone charge parents a deposit when the contract is signed to hold their spot?Yes. No deposit, no signed contract, = no agreement


Also I used to give 10 vacation days but now I only offer 5 so I want to make sure then don't use their vacation and then leave.I not give any vacation day. They pay for place to be available not for attendance. Fee is same every time.

[mickyc]

I ask for a $300 deposit to hold a spot. I apply it to their first 2 weeks of care. I ask for 3 weeks notice if they are leaving.

I also do not give families any vacation days unpaid. I do however offer a small discount on their vacation days ONLY if I am given 1 months notice. I think of it as they are still paying me for my time but not for food and craft items I do not have to supply while they are away.