A predetermined amount deducted from a security deposit or rental income to cover the normal depreciation of property and furnishings due to guest use.
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Glossary Term: Wear and Tear
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A predetermined amount of money set aside by hosts to cover the expected depreciation of furnishings, appliances, and other property features due to normal use by guests.
A predetermined amount of money allocated by hosts to cover the expected depreciation of furniture, appliances, and other property features due to normal guest use.
The expected depreciation of a property and its furnishings due to normal use over time, which is a factor to consider in pricing and maintenance for short-term rentals.