Is this a typical vacation rental policy or does it seem suspicious?
Saturday, August 16th, 2008Amerrrs asked:
I’m about to sign an agreement for a vacation rental but I’m a bit hesitant because of the conditions ($700/wk):
I’m about to sign an agreement for a vacation rental but I’m a bit hesitant because of the conditions ($700/wk):
1) $300 Security Deposit + 50% of Rent ($350) = $650
which is due before I get there and the other 50% due at arrival
2) Cancellation Policy: The $650 is non-refundable if canceled within 30 days of arrival date (that’s practically the entire amount to stay there!)
3) Security Deposit mailed 10 days after departure.
I haven’t really rented vacation homes and don’t know if this is a typical agreement. I guess the part that worries me is that I’m practically sending the entire amount before even arriving and in the case I have to cancel, I lose everything. And also the fact that I don’t get my security deposit during my departure.
If you’ve rented vacation homes in the past, please let me know if this is a standard practice.
Thanks!
Kelly
