Renters may cancel the rental agreement with 90 days prior written notification and receive a 90% refund. Should renters cancel within 89 to 60 days of the rental period 50% of the rental fee shall be refunded. Should renters cancel within 59 to 30 days of the rental than there will be no refund. Any forfeited deposit may be applied to a future rental within one year of the cancellation.
In addition to the rental fee renters shall deposit with managers a security deposit in the amount of $500 to $1500 in advance of arrival or in cash. This deposit is for the purpose reimbursing the owners for any damage that renters may cause to the property or to its contents during their rental of the property. The security deposit shall be returned to the renters at the end of the rental in kind.