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Cancellation Policy

There has been many cancellation. My property is very small with only 11 Suites and I find people are holding the space for a long period and cancelling almost on the day of arrival which disavantage possible firm bookings. I would like to see that a small fee is taken for all bookings that cancels irrespective of when they book and when they cancel.

For example a minimum fee of NZ$40  

Please advise on your thoughts