How does Cocom work?
Once a Host (renter) publishes a space, the Guest (rentee) can request a booking for a specific period and time. You can request from as little as one hour to a complete month. The Host can either accept or deny the request without any costs. The request will remain until the actual starting period, however, we suggest to always accept or deny as soon as possible. This ensures a smooth user experience for the Guest. Once If the Host accepts the request, the Guest will be prompted to pay in order to confirm the booking. The payment is provided by Stripe that enables Visa, Mastercard and Bancontact. As soon as the booking is confirmed as result of the payment, both parties will get a booking confirmation with a calendar appointment. On the day of the booking, the Host is responsible for receiving the Guest into the booked space and allowing its use. After the booking is completed, there is a 14 day waiting period until the money is available in the Stripe account of the Host. This gives us the possibility to intervene in case of any issues. After that period, the amount will appear in the app and can be transferred to the bank account of the Host from the amount of €100,00.
Can anyone publish a "day-space"?
Theoretically, anyone can publish a day-space, so long that it meets our community standards. Such as; is it an actual day-space? Is the description correct? Are the pictures clear and qualitative? Is the pricing fair? Are the amenities correct, and so on... We always to a background check on our spaces. This enables Cocom to remain a qualitative offer of day-spaces. If your space does not meet our standards, you will be contacted by one of our advisors to see how we can help you improve.
Is the Cocom app free? How is that possible?
The Cocom app is free to download in the AppStore and Play Store. You can create an account without cost and even publish spaces without cost. It is only once a booking has been confirmed (upon payment) that Cocom charges a Service Fee of 15% incl. VAT. No cure, no pay!
Are there any costs if I want to rent out my space?
You can publish a space for free. As long as nobody books, you don't have to pay. It is only once a booking has been confirmed (upon payment) that Cocom charges a Service Fee of 15% incl. VAT. No cure, no pay!
Can I decline a booking request?
Yes, you can decline a booking request without any cost. Upon declining, you will be offered the possibility to add a reason for decline, you are not obligated to give a reason, however, we recommend you communicate with the Guest in order to find an alternative option. Suppose it doesn't work out with your schedule or something has come up, you can always decline a request. Please note!Once a request has been paid, the booking is confirmed, after the booking is confirmed, you are still free to cancel a booking, however, depending on the time before start, this can imply cancellation costs. Check our cancellation policy here there are costs associated with canceling.
When will I receive my payout?
When a booking is successfully completed, there is a period of 14 days after which the money will be made available in the Stripe account of our Hosts. In the Cocom app under settings (profile > settings > payouts) Hosts are able to request a payout. A payout is possible starting from € 100,00 and will be transferred directly to the linked bank account of the Host. A payout can be requested once each calendar month.
What to do if my property has been damaged by a Guest?
Before we suggest how to handle situations in case of damages, we like to inform you that a booking with the Cocom app is insured thanks to our partners at AG insurance. The franchise in this case is € 250,00. In the unfortunate event that certain elements of your property have been damaged, we recommend you to do as follows:
1. Collect evidence of the damages. Take as many detailed photos and videos (before and after),and write a clear description of what is damaged or missing.
2. First contact the Guest and try to come to an understanding together.
3. If it is not possible to come to an understanding, contact firstname.lastname@example.org with the description and evidence. Send us the collected evidence + before pictures and estimated price (with invoice if applicable) of the damaged or lost property.
4. Wait a maximum of 3 days for Cocom support to review the issue. We will get back to you with a follow up.
5. If it is seen that the Guest is indeed at fault, based on the evidence and the Guest input, we will create an insurance case with our broker in order to get you reimbursed as soon as possible.
Cocom service fees
The Cocom app is free to download in the AppStore and Play Store. You can create an account and publish spaces without cost. It is only once a booking has been confirmed (upon payment) that Cocom charges a Service Fee of 15% incl. VAT. No cure, no pay!