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  • Introduction
  • General Info
    • Rental Use Cases
    • Compatible Blockchains
    • Whitelabel Interface
    • Custom Solutions
    • Protocol Composability
    • Protocol Fee
    • Frequently Asked (FAQ)
  • Rental Solutions
    • Collateral-Free
    • Collateralized
  • Developers
    • Integration Guide
    • SDK
      • @renft/sdk@^v6.0.0
        • Interacting with Smart Contracts
        • Collateral-Free Integration Guide
        • Castle Crush (Reward Share)
      • @renft/sdk@v5.0.4
        • Collateral-Free Integration Guide
        • Castle Crush (Reward Share)
    • reNFT Contracts' Addresses
    • Querying reNFT's on-chain data
      • Castle Crush (Reward Share)
  • Video Tutorials
    • Collateral-Free
      • How To Lend
      • How To Rent
    • Castle Crush (Reward Share)
      • How To Lend
      • How To Rent
    • Collateralized
      • How To Lend
      • How To Rent
      • Returning & Defaulting
    • Expired Rentals
  • About reNFT
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  1. Video Tutorials
  2. Collateralized

Returning & Defaulting

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Last updated 2 years ago

Returning

You can return the NFT in the section. Click on the 'Return' button and confirm the transaction.

Defaulting

If a Collateralized Rental is not returned within the Rent Duration, it is considered as [Defaulted]. The NFT can not be returned anymore and the Lender can claim the collateral in .

Be careful when deciding how much collateral you want to charge. As a general rule of thumb, consider this as the price, for which you would be willing to let your NFT go.

Portfolio/Renting
Portfolio/Lending