An owner’s cancellation policy determines the amount of the renter’s reservation deposit. Flexible and Moderate cancellation policies require a 25% deposit. Strict cancellation policies require a 50% deposit. The reservation deposit is charged to all bookings made 14 or more days in advance.
If a booking is less than 14 days away, the reservation is charged in full. If a booking is more than 14 days away, renters have the option to pay the reservation deposit in two installments—the first being a partial reservation deposit, the second a reservation remainder to be paid 14 days before the booking start date.