A refundable fee collected from guests before their stay to cover potential damages to the property beyond normal wear and tear.
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Glossary Term: Security Deposit
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The process of vetting potential guests to minimize risks associated with property damage, noise complaints, or unauthorized parties. This can involve verifying guest identities, reviewing past reviews, and setting clear house rules.
Insurance or security deposits that cover costs associated with accidental or intentional damage to the property caused by guests.
A refundable amount collected by hosts to cover potential damages or losses that may occur during a guest’s stay.
The process of reviewing and verifying information provided by potential guests to assess their suitability for booking a short-term rental.