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That seems like a lot to me. I'd negotiate a smaller sum now and 50% a month or two out.
What about putting 10-15% down now, and another percent closer to the actual date. There is a chance they need the money in order to buy the food, etc for the day, but if that is the case, they might not be the most stable company and you wouldn't want to loose such a large deposit.
I would say 50% is WAY too high.
Oh, also forgot to say, but you are still 7 months out and what if something does change between now and then? That is a lot of money to be out.
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I've been emailing back and forth with a breakfast restaurant about doing a day-after brunch. We finally got the menu set and if everyone came to the brunch (which I don't think would happen), it would be about 35-37 people tops. The total bill will be somewheere in the $700-$850 range, depending on how many people drink and what they order. She said if I wanted to reserve the space, she would need a $400 deposit. Does this sound reasonable to you? Our caterer for our reception is not even asking for 50% upfront! And we are still 7 months out.