A Holiday Home Security Deposit is an amount of money that can be taken from your prospective guest at the time of booking or other time before the booking has commenced.
This is intended to assure the Holiday Home Owner that they have a limited amount of financial protection should the guest cause any damage to the property during their stay. In the event of an uneventful visit, the Deposit should then be refunded to the Holiday Home Guest
The ‘Security Deposit’ should not be confused with the simpler term ‘Deposit’ which is often referred to meaning a percentage of the price of the booking that is paid by the Guest as a down payment in order to reserve the Holiday Property