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Deposit on vacation rentals

Melbourne, Australia
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3 posts
43 reviews
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Deposit on vacation rentals

We find 25-30% non refundable deposit to be a lot Has anyone had a problem with this or has any suggestions regarding this issue?

Staten Island, New...
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14,149 posts
13 reviews
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1. Re: Deposit on vacation rentals

Keep searching until you find better options. Depending upon the time frame deposits should be refundable if booking is well out of arrival date.

Ridgewood, New...
Destination Expert
for Kiawah Island, Charleston
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8,760 posts
96 reviews
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2. Re: Deposit on vacation rentals

Deposits on private vacation home rentals frequently are NON-refundable.

The non-refundable deposit provides some financial protection for the homeowner, who has taken his home off the rental market in expectation of your visit and may not be able to rerent if your plans change.

You may find more liberal deposit and cancellation policies if you rent through a resort or property manager instead of through a private owner of a single vacation home.

Mineola, New York
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6,407 posts
47 reviews
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3. Re: Deposit on vacation rentals

Yes, return of our rental deposit is based on our ability to re-rent for that week. If you take our place off the market for 4 months and then decide to cancel I need some protection.

Wellington, New...
Destination Expert
for Wellington, Bay of Islands
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10,091 posts
222 reviews
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4. Re: Deposit on vacation rentals

Robyn you are being alittle vague regarding your holiday rental. If it is an oversea holiday home and booking was done over the internet then this requirement is quite reasonable especially as the homeowner has little opportunity to check you out. If the holiday home is say on the Mornington Penninsula then possibly less so. If proceeding on an overseas holiday I recommend you take out travel insurance which would cover you for loss of deposits. Not sure if such insurance is available for holidays within Australia

Brisbane, Australia
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5. Re: Deposit on vacation rentals

I am being asked for 50% deposit on a rental home 7 mths out from the booking. The booking is for 6 nights. This seems a little extreme to me.

Staten Island, New...
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14,149 posts
13 reviews
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6. Re: Deposit on vacation rentals

For 6 nights you my be able to find a timeshare rental - try this public company affiliate....

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http://www.endlessvacationrentals.com/

pdcAR
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276 posts
1 review
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7. Re: Deposit on vacation rentals

In defence of rental home owners…..Having paid a deposit it is expected that on the date specified, the property owner is obliged to provide you with accomodation at the price specified and not to let elsewhere for a higher price or cancel your booking……..

Is it unreasonable that the owner expects equal surety that he will not incur loss at a later date. You have the certainty of a building, physical contact, contract and trade insurance to claim against……the owner usually only a promise by e-mail?

Stage payments of a deposit could be negotiated for very advanced bookings, but why should any commitment or financial loss not be equal to both parties. There will certainly be a demand that the owner compensates if forced to cancel after all…..

8. Re: Deposit on vacation rentals

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