What is VRBO strict cancellation policy?

What is VRBO strict cancellation policy?

Strict: Bookings canceled at least 60 days before the start of the stay will receive a full refund. Firm: Bookings canceled at least 60 days before the start of the stay will receive a full refund. Bookings canceled at least 30 days before the start of the stay will receive a 50% refund.

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