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Why do I have to pay a deposit for a monthly booking?

For most monthly bookings, we take a deposit equal to one months' rent. This is to protect Space Owners against damage or loss of access equipment, as well as unpaid rent in the event your subscription payment fails or you don't vacate the space by the end-date.

After you've given your 30 days' notice and your booking comes to an end, all access equipment (such as a key, fob or parking permit) has to be returned to the Space Owner on the final day of the booking (or before, whichever suits you best). 

If the access equipment isn't returned to the Space Owner no later than the end-date, you may be charged an access equipment replacement fee, plus any pro-rated usage from the end of your booking until the day the space becomes accessible again.