Who can close a Safe Deposit Box?
Any renter listed on the Safe Deposit Box lease may close the box without authorization from the other renters.
Exception: If the lease requires two signatures for box access, both signatures are required to close the box.
If you close your Safe Deposit Box before the end of the rental term, you may be eligible for a partial refund of the annual rental fee. The refund is calculated based on the number of days remaining until your next renewal date.
Refund calculation:
Annual rental fee ÷ 365 × number of days remaining until renewal = refund amount
This version simplifies the language, avoids internal terminology like "calendar year," and focuses on what the member needs to know.
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