Cancellation Fee

A cancellation fee is a charge that a business may impose if you cancel a service or reservation after a certain point, often close to the scheduled date. This fee helps the company cover costs or potential loss of income resulting from the cancellation. The amount varies depending on the company’s policy, the timing of the cancellation, and the type of service. It’s typically outlined in the service agreement or reservation terms. Understanding this fee can help you decide whether to proceed with or cancel a booking, and what to expect financially.