A pre-determined charge imposed on guests for violating the house rules or rental agreement, such as smoking indoors or exceeding the maximum occupancy limit.
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Glossary Term: Damages
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A type of insurance that protects short-term rental owners and property managers from financial losses due to claims of bodily injury or property damage that occur on the property.
The legal responsibility of either the host, guest, or property manager for damages or injuries that occur within a short-term rental property, depending on the specific circumstances and applicable laws.
A third-party service that assists property owners in recovering unpaid fees or damages from guests.