A cancellation policy that allows guests to cancel their booking with a full or partial refund, subject to certain conditions.
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Glossary Term: Refund Policy
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The terms and conditions outlining the cancellation procedures and potential penalties for both hosts and guests in the event of a booking cancellation, providing clarity and managing expectations.
The terms and conditions that outline the rules and penalties for canceling a short-term rental booking, for both hosts and guests.
The terms and conditions that dictate the refund amount a guest is entitled to if they cancel their booking. Policies range from flexible to strict and can impact booking rates.
This Swedish term translates to ‘service guarantee.’ While not a standard practice, some short-term rental hosts offer guarantees to provide reassurance to potential guests and differentiate themselves from competitors.
The terms and conditions that determine the refund amount a guest is entitled to if they need to cancel their booking, ranging from flexible to strict.
Outlines the terms and conditions for cancelling a booking, including refund policies and penalties for both guests and hosts, as defined by platforms like Airbnb and VRBO.
A feature offered by some short-term rental platforms, like Airbnb, that provides guests with a refund or rebooking assistance if their stay is significantly disrupted due to unforeseen circumstances outlined in the platform’s policy.
A promise made to short-term rental guests, often by a property manager or platform, assuring a certain level of quality or a refund. This can increase booking confidence but requires careful service delivery.
The terms and conditions that outline the cancellation options and potential penalties for both hosts and guests when booking a short-term rental.
The terms and conditions that outline the refund policy for guests who need to cancel their booking, ranging from flexible to strict.
The terms and conditions outlining the consequences of a guest canceling their reservation, including potential refunds or penalties.