What is a Refundable Accommodation Deposit (RAD) and a Daily Accommodation Payment (DAP)?

17 Feb 2017 | Deborah Key, CEO

A Refundable Accommodation Deposit (RAD) is a lump sum style deposit. A Daily Accommodation Payment (DAP) is the equivalent of a RAD, but paid by interest only on a daily basis.

Accommodation payments can be either a full RAD, a full DAP, or a combination of the two types of payments. Further information can be provided upon request.

Full RADS and DAPS as at 1st April 2021 are provided:



Ern Vine

Chester Hill