This Cancellation Policy outlines the terms and conditions for canceling a reservation for the short-term rental property located at [property address].

1. Cancellation Period:
   • Guests may cancel their reservation up to 24 hours before the check-in date without incurring any cancellation fees.
2. Cancellation Fees:
   • If a cancellation is made within 24 hours of the check-in date, the Guest will be charged a cancellation fee equal to 90% of the total booking cost.
3. No-Show:
   • If the Guest fails to check-in on the scheduled arrival date without prior notice, the full booking amount will be charged, and the reservation will be canceled.
4. Early Departure:
   • No refunds will be issued for early departures or unused nights once the Guest has checked in.
5. Refund Process:
   • Refunds, if applicable, will be processed within [number] days after the scheduled check-in date.
   • Refunds will be issued to the original payment method used for the booking.
6. Extenuating Circumstances:
   • In the event of extenuating circumstances, such as natural disasters, government-imposed travel restrictions, or other unforeseen events, the Host reserves the right to modify the cancellation policy or provide alternative solutions on a case-by-case basis.
7. Modification or Cancellation by Host:
   • In the rare event that the Host needs to cancel or modify the reservation for reasons beyond their control (e.g., property damage, unforeseen circumstances), the Guest will be notified as soon as possible, and a full refund will be issued.
8. Guest's Responsibility:
   • It is the Guest's responsibility to review and understand the cancellation policy before making a reservation.
   • Guests are encouraged to consider travel insurance to protect against unexpected events that may lead to cancellations.