When renting spaces, we collect a mandatory minimum $1000/day security deposit.
This way, if any damage or overtime claims are made, there are funds allocated to cover it. Once the production is finished, we encourage a producer/owner walkthrough to identify any a minor damages.
If there are no damage claims, the security deposit is released and should appear back on your account within a few business days. In case of damage claims, producers are charged a 10% transfer fee on the total damage amount. This transfer fee is deducted from your security deposit.