In the event of cancellation 7 days or fewer before the start date under this short-term rental agreement, the lister will be entitled to retain a portion of the security deposit equivalent to 2 week's of the weekly rent amount (minus $100).
After the start date, in the event of cancellation or failure to pay rent under this short-term rental agreement, the security deposit will be retained by host.
The host reserves the right to use the security deposit to cover unpaid rent, damages, or costs associated with finding a replacement tenant. The host will make reasonable efforts to mitigate losses by seeking a replacement tenant, and if successful, the security deposit may be adjusted accordingly. Upon fulfilling all rental obligations, the security deposit or remaining portion will be refunded to the tenant following a property inspection.