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Fair Pricing Policy

This Fair Pricing Policy is a set of guidelines provided to Space Owners by YourParkingSpace that dictate the parameters of the price being set in the YourParkingSpace platform. Anyone with a listing on the YourParkingSpace Website or App is obligated to adhere to these pricing guidelines. 

Static Pricing

Space Owners have the option to set their own prices on YourParkingSpace. In our mission to change the way the world parks, YourParkingSpace strives to provide our Driver with the largest selection of on-demand parking at reasonable market value with Space Owners playing an important role.

YourParkingSpace regularly monitors the prices of parking spaces on our platform and compares them with other prices on our platform of booked parking spaces within a 0.5 mile radius. If we see pricing practices on YourParkingSpace that harm Driver's trust, YourParkingSpace can reprice the listing, remove the listing, suspend Space Owner privileges, or, in serious or repeated cases, terminate the account.

Pricing practices that harm Driver trust include, but are not limited to:

• Setting a price on a listing that misleads drivers;

• Setting a price on a listing that is not honoured for a confirmed booking;

• Setting a price per hour, day or month that is more than 10% higher than the average booked price of parking spaces within a 0.5 radius on the YourParkingSpace platform; or

• Charging an additional amount on arrival outside of the listed price or additional fees outlined in the description of the listing before the booking is placed.

Dynamic Pricing

Space Owners have the option to allow YourParkingSpace to set the price for their parking space by selecting ‘Dynamic Pricing’. Dynamic pricing takes into account the supply and demand of parking spaces on the YourParkingSpace platform when a driver is searching for parking in the area in order to achieve the booking.

By selecting ‘Dynamic Pricing’ on a listing, the Space Owner agrees to accept all bookings as advertised and confirmed to them. YourParkingSpace is not required to have a Space Owner confirm the advertised price at any time as this is set dynamically.

If a Space Owner requests to cancel a confirmed booking as a result of price, this will be considered a pricing practice on YourParkingSpace that harms Driver’s trust, whereby YourParkingSpace will be entitled to remove the listing, suspend Space Owner privileges, or, in serious or repeated cases, terminate the account.

End of policy.

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