You may participate in Meyer Vacation Rentals’ security deposit waiver program (the “Security Deposit Waiver Program”) by paying a fee to Meyer Vacation Rentals in the amount of $25 for 1-bedroom units, $50 for 2-bedroom units, $50 for 3-bedroom units, and $100 for units up to 4 bedrooms. Upon payment of the Security Deposit Waiver Program fee, Meyer Vacation Rentals will waive your liability for unintentional damages to the rental unit that occur during your stay in an amount up to $1,000 for 1-bedroom units, $1,500 for 2-bedroom units, $3,000 for 3-bedroom units, and $4,000 (as applicable, the “Waiver Limit”) for units with 4 or more bedrooms; provided, that all such unintentional damages must be disclosed to management prior to checkout in order to be subject to the Security Deposit Waiver Program. Liability for damage (i) caused by intentional, malicious or grossly negligent acts or (ii) in excess of the Waiver Limit, is not hereby waived pursuant to the Security Deposit Waiver Program and you are responsible for all such damages. Unless you participate in the Security Deposit Waiver Program, a refundable security deposit must be delivered to Meyer Vacation Rentals. The amount of the refundable security deposit shall be set based on the size of your unit; a $1,000 refundable security deposit is required for units with 1-bedroom, $1,500 is required for units with 2 bedrooms, $3,000 is required for units with 3 bedrooms, and $4,000 is required for units with 4 or more bedrooms. The option to participate in the security deposit waiver program or payment of the refundable security deposit must be determined at the time of booking. If, during your stay at one of our rental properties, any damage to real or personal property of the unit results, the refundable security deposit shall be used to repair or replace such property. You will be notified in writing regarding any deductions to the refundable security deposit. All security deposits not subject to deductions shall be refunded within 45 days of departure. Any damages that exceed the applicable refundable security deposit or are not subject to the Security Deposit Waiver Program will remain your obligation and may be charged to the credit card on file (if for any reason such charges are not able to be charged to the credit card on file, you agree to pay us within ten (10) days of notice of such charges).