What does the hotel personal guarantee payment mean?

Hotel deposit payment means that the hotel requires customers to provide a certain deposit in advance in order to prevent them from staying or not staying within the specified time after placing an order. If the customer cancels the order or checks in successfully within the specified time, the guarantee will be lifted.

legal ground

Article 386 of the Civil Code

Unless otherwise provided by law, when the debtor fails to perform the due debt or the security interest agreed by the parties is realized, the holder of the security interest has the right to be paid in priority for the secured property.

Article 387

Where a creditor needs security in order to ensure the realization of his creditor's rights in civil activities such as lending, buying and selling, he may establish a security interest in accordance with the provisions of this Law and other laws.

Article 586

The parties may agree that one party shall pay a deposit to the other party as a guarantee for the creditor's rights. The deposit contract is established when the deposit is actually paid.

The amount of the deposit shall be agreed by the parties; However, it shall not exceed 20% of the subject matter of the main contract, and the excess shall not have the effect of deposit. If the actual amount of deposit paid is more than or less than the agreed amount, it shall be deemed as a change of the agreed amount of deposit.