I love Scott's suggestions.I have a possession clause in my leases that state if the tenant does not take possession in 24 hours of the lease start date, the SD is forfeited and possession is granted to the landlord.

The tenant moving out agrees to forfeit their deposit (or whatever terms you come to).

Do we forfeit since we are passed the deadline? 

Here’s how auctions generally work: if you fail to close in accordance with the terms of sale your deposit will be forfeited and the property will be re-sold at the risk and expense of the defaulting purchaser (you).So let’s say you put $10k down and you’re the high bidder at $100k.

You have to be willing to forfeit any rent relief that might come from housing is key.

Unlike buyers who can cancel and forfeit their escrow deposit (or not, if exercising a contingency), the seller doesn't have the right to back out. 

However, in 5 yrs if the property value has tanked, and I can't secure financing then I'm caught between a rock and a hard spot and could have to forfeit the property if the seller opted to raise interest rate, etc. 

I would guess if they challenged my policy to Airbnb they would still favor guest over host in issuing a full refund, but I'm wondering if I can discourage some people who are neither vaccinated nor practicing precautions from having to cancel last minute and dodging our cancellation policy with this loophole by telling them up front that they need to own their own risk of catching it and plan accordingly if they don't want to forfeit their deposit.Looking for input on if you have tried any tactics to reduce covid cancels that have worked.

Handle the cleaning/repairs, deduct from the deposit, and decide if you want to refund anything or forfeit the remainder as a termination fee.

While I would forfeit a profit of $200 to $300 - I know I would have someone in place that wants to stay and maybe have her sign a longer lease with built in raises?