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. 12.2 You can insure yourself against this risk at the same time as your reservation with cancellation insurance. 12.3 If you have not arrived within 24 hours of the agreed arrival date without further notice, this is considered a cancellation.