A hotel's refund and cancellation policy typically outlines the rules and fees associated with canceling or modifying a reservation. This may include:

1. Cancellation Fees: Fees charged for canceling a reservation, which can vary depending on the timing and type of reservation.
2. Whether a reservation is refundable or non-refundable will be at the homestay's discretion. 
3. Cancellation Deadlines: Specific dates or times by which a reservation can be canceled without incurring fees.
4. Partial Refunds: Conditions under which partial refunds may be offered will  be at the homestay's discretion. 
5. No-Show Policy: Fees charged if a guest fails to arrive or cancels.