A security deposit is held by thisopenspace to protect hosts in case of damage, additional cleaning, and overtime costs. A host has up to 48 hours following an event to notify thisopenspace and request that the security deposit be withheld, within reason and with proof.
When listing your space, you can choose the amount of your deposit. Average deposits are typically $100, $250, $500 or $1000, depending on the space and the daily/hourly rates. Hosts are in full control of the amount they charge for a security deposit. thisopenspace will collect the security deposit from a guest on your behalf and hold it in the event of damage, given the 48 hour notice. thisopenspace will mediate any security deposit refund disputes and this decision is final.