Late Fee Policy
All users must comply with a standardized Late Fee Policy that Cloud Closet will enforce to protect both Borrower and Lender alike. Cloud Closet relies on both Lenders and Borrowers sending and returning items in a timely manner. Lenders will be compensated by the Borrower if items are returned late. If items are returned late an additional 4 day rental period will be charged for each 4 day period the item is not returned. Borrowers agree to this policy every time they request a booking. Late fees will be capped at 4 weeks or up to the RRP whichever is larger unless otherwise determined by Cloud Closet in their sole discretion.