Post # 1
I thought I had finally picked a venue and saw the cancellation policy. Is this normal?
6 months before the wedding I have to pay 50% cancellation fee of $5,000.
3-6 months before the wedding I have to pay a 75% cancellation fee of $7,500.
Less than three months before the wedding I have to pay the whole $10,000.
Obviously, that is only if I cancel, but goodness forbid something happens and it’s necessary.
I’ve tried to negotiate, they won’t budge.
Post # 3
@mustlovecats: Would wedding insurance cover that?
No way would I agree to that.
Post # 4
That seems backwards… Isn’t it usually you pay a deposit and then you get less and less of your DEPOSIT back as you get closer?
Looknig back at my contract, I paid a 50% non refundable deposit. But that was for the venue rental ONLY, not for food etc… But, the deposit was non refundable no matter when I canceled, but they certainly did not increase the price as time went on.
From another point of view I CAN see why a venue would do that as the closer they get, the less likely they are to re book and then they’ve lost business due to you holding the date.
Post # 5
@mustlovecats: Do they have anything in the contract that says if you cancel and they are able to re-book a new event for the same date, you only lose your deposit plus any difference in estimated price, if the new party is smaller than yours? I can’t recall, but I *think* my contract had a clause to that effect. That would seem more fair to me. It is really in favor of the venue if you had to cancel 3 months before your date, pay them 10K, and they also are able to book the date with someone else…
Post # 6
@Tess63110: I would be okay with that, except it is at a restaurant. I think for 2014 maybe they have 5 weddings booked in total. They can reopen the restaurant so they will still get business. Plus they will still have my $2,000 deposit.