Cancellations happen and it's important to set expectations upfront.
Cancellation policies are determined by the host
If a host does not send you a cancellation policy, ask for one before confirming your stay
Cancellation policies should answer the following questions:
What happens when a guest cancels? (specifically when deposits/payments have already been exchanged)
What happens when host cancels? (specifically when deposits/payments have already been exchanged)
Policy examples:
If guest cancels: 50% non-refundable deposit required to confirm stay -
If host cancels: Any payments made in advance are returned to guest within 48 hours