Renter returns an NFT

1. Return upon the expiration of the rental period

Once the rental period expires, the rented NFT will automatically return to the market and become available for renting again without further operation.

2. Return in advance

If Renter returns an NFT in advance, the disposal of deposit will be determined according to the payment of rent during the rental period as follows:

If there is any outstanding rent, the deposit will be withheld by Lender.

If there is no outstanding rent, the deposit will be returned to Renter (without deduction)

3. Return by breach

If Renter rents an NFT for which rent should be paid by installments, the circumstance that the balance at the address at the time of automatic deduction is not enough to pay the next installment of rent will constitute a breach, in which case the lease will be terminated immediately and Renter’s deposit will be withheld by Lender.

Last updated