A predetermined amount deducted from a security deposit or rental income to cover the normal depreciation of property and furnishings due to guest use.
Menu
Glossary Term: Security Deposit
53 posts
A refundable amount held by the host to cover potential damages or losses incurred by the guest during their stay.
A third-party service that manages security deposits for short-term rentals, holding funds securely and disbursing them according to the terms agreed upon by hosts and guests.
A refundable fee collected by hosts to cover potential damages to a short-term rental property caused by guests during their stay.
Implementing measures to protect the property from potential damages, such as requiring security deposits, offering damage waivers, or utilizing property monitoring systems.
A refundable amount collected from guests before their stay to cover potential damages or violations of house rules.
Insurance or security deposit options that protect hosts from financial losses due to accidental damage caused by guests.
A refundable amount collected from guests before their stay to cover potential damages to the property. It is typically managed through the booking platform.
Insurance policies or security deposit procedures designed to protect short-term rental owners from financial losses due to property damage caused by guests.
Legal regulations governing the relationship between landlords and tenants, which can impact short-term rentals depending on local jurisdictions. These laws often address lease agreements, eviction processes, security deposits, and tenant rights.
A reimbursement issued to a guest through the Stripe platform, typically in case of cancellations, booking changes, or security deposit returns.
A refundable amount collected from guests before their stay to cover potential damages or extra cleaning costs beyond normal wear and tear.