Common use of Cancellation Costs Clause in Contracts

Cancellation Costs. 12.1 If a reservation is cancelled, cancellation costs are due. These cancellation costs are: 25% of the total rent if the cancellation is more than 3 months before the arrival date. 50% of the total rent if the cancellation falls within 3 to 2 months before the arrival date. 60% of the total rent if the cancellation falls within 2 to 1 month (s) before the arrival date. 90% of the total rent if the cancellation falls within 4 to 2 weeks before the arrival date. 100% of the total rent if the cancellation is less than 2 weeks before the arrival date.