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Cancellation policy must be in place and clearly stated in the contract as people will cancel. The policy should be tailored to your comfort level. For example, a 25% non-refundable deposit is required upon booking. Additional charges may apply if canceled within certain time frames, such as 50% of all items if canceled within 20 days. If canceled within 10 days, 75% of all items will be charged. If trucks are loaded and an item is canceled, a 100% charge will apply as equipment is reserved and missed rental opportunities occur.