CANCELLATION POLICY

The Cancellation of the Rental Period is subject to the following cancellation terms:

As a general rule, The Tenant or his Authorized Agent cannot make a Cancellation without payment of cancellation fees. These fees can amount up to the whole of, or partially to, the Lease Payment in connection therewith.

The Cancellation fees, which will be due as penalty against any loss and damage suffered by the Landlord or his Authorized Agent, are the following:

  • Cancellation up to 90 days before the initial date of the Period of Lease: 50% of the Down Payment will be withheld.
  • Cancellation between 90 and 40 days before the initial date of the Period of Lease: 75% of the Down Payment will be withheld.
  • Cancellation between 40 days and 15 days before the date of the Period of Lease: 100% of the Down Payment will be withheld.

If cancellation occurs less than 15 days before the initial date of the Period of Lease, The Tenant or his Authorized Agent shall pay to the Landlord or his Authorized Agent the total amount of the Lease Payment.


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