The specific conditions and policies outlined by hosts regarding cancellations, refunds, and penalties for guests who need to change or cancel their reservations.
Glossary Term: Cancellation Policy
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A legally binding agreement between the host and the guest outlining the terms and conditions of the stay.
The percentage of bookings that are canceled by either the host or the guest within a specific timeframe.
Outlines the terms and conditions under which a short-term rental agreement can be canceled, including potential penalties or refunds.