The terms and conditions that outline the rules and penalties for canceling a short-term rental booking, for both hosts and guests.
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Glossary Term: Booking terms
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A booking policy that imposes stricter terms and conditions for cancellations, typically resulting in higher penalties for guests.
A clear and concise outline of the terms and conditions under which a host can cancel a booking, and the consequences for both parties. A fair and transparent cancellation policy builds trust with guests and protects both hosts and guests from unforeseen circumstances.
A booking policy that allows guests to cancel their reservation and receive a full or partial refund within a specified timeframe, providing greater flexibility and peace of mind for travelers.
The period before a guest’s scheduled arrival date during which they can cancel their reservation without incurring any financial penalties.