Nido Príncipe Pío Madrid

Cancellation Policy

Nido Príncipe Pío

Cooling Off Period

This property allows you to cancel your booking within 14 days of making your deposit payment. Applying for cancellation within this cooling-off period means you will get your full deposit refund and will be released from the contract.

No Visa, No pay

Your booking can be cancelled for free if you are unable to get your travel Visa.

No Place, No Pay

Your booking can be cancelled for free if you are unable to meet academic requirements of your university of choice.

Full Policy

Cancellation Policy

This is a copy of the 26/27 cancellation policy you will read and accept as part of the booking process if you book a room with Nido.

Cancellation Policy For Students

We inform you that you will have to communicate your intention to cancel the contract by sending an email to the address where you are staying, indicating the booking number, start date of the contract and details of the person who made the reservation.

Cancellation prior to the start date:

 You may request the cancellation of your contract before the start date, in the following cases:
  1. You may request the cancellation within a maximum of 15 days from the date of signing the Contract and, in any case, before the start date of your Contract. If the period between the date of signature and the start date of the contract is less than 15 days, the cancellation will only be valid for the days remaining from the date of signature to the start date of the contract. This cancellation reason will only apply before the Start Date of the stay and to the first accommodation contract the Resident signs with NIDO. It will not be applicable to any subsequent contracts, renewals, or special promotions offered by NIDO (e.g., Rebookers).
  2. You were not admitted, or you lose your affiliation with the university/educational institution and do not have enrollment in any other institution within the same province as the Residence where you made the reservation. In this case, you must provide documentary proof of payment for enrolment at an educational institution in a different province.
  3. Your visa application, for the period corresponding to your booking, has been refused by the Spanish/Portuguese authorities. The visa refusal document will be requested as proof.
    1. In all the three above cases, the amounts already paid will be refunded provided the conditions indicated are met.
    2. It will be understood that the cancellation has been communicated when the communication has been sent before 23:59h on the day of reference. Any email or notification sent after that time shall be deemed to have been communicated on the following day.
    3. In case you are not in any of the above situations, but you want to cancel your contract before the start date, you can also apply if:
  4. You find a person as a replacement, under the same conditions and type of contract, until at least the End Date.
    1. In this case, the person replacing you shall not have signed a contract with us during the previous academic year, nor be in the process of negotiating or signing a contract for the current academic year. In addition, this person must be a student, researcher or belong to the academic world, and be of the same sex as you in the case of having a bed in a shared room. To request the cancellation of the contract, you will have to inform us in writing, by sending an e-mail to the address of your accommodation indicated in the contract, and follow the procedure indicated for that case.
  5. Paying as a compensation for the damage caused, the Accommodation Initial Payment and 50% of the Housing Fee. In any case, the penalty will not be less than one (1) nor more than three (3) Instalments. 

Cancellation after the start date:

From the start date, you may also request cancellation if:
  1. You find a person to replace you, on the same terms and under the same type of contract until at least the End Date of the contract. The person who replaces you will have to meet the requirements set forth in Section 1 (4).
  2. You may request the unilateral cancellation of the Agreement, if with regard to the remaining time to complete the Agreed Period, you pay 50% of the remaining Contract amount as compensation for the damage caused, with a maximum of three (3) Instalments and a minimum of one (1) Instalment of the Accommodation Fee.
The penalty in this case will be calculated based on the remaining period until the End Date, excluding the month in which you leave the Residence, which will be paid in full.

To manage all these situations once the contract has started, you must send a cancellation request to the email address of the building where you are staying.

Cancelation Policy For Non-Students

We inform that you must notify the building where you will be staying of your intention to cancel the contract by sending an email to the corresponding address, indicating the booking number, the start date of the stay, and the details of the person who made the booking.
  1. Cancellation prior to the start date
You may request the cancellation of your contract before the start date if you are student, and are in the cases set out in Section III.1 – Student Residence.

In all the above cases, the amounts already paid will be refunded provided the conditions indicated are met.

It will be understood that the cancellation has been communicated when the communication was received before 23:59h on the day of reference. Any email received after that time shall be deemed to have been communicated on the following day.

If you are not in any of the above situations, you may still request the cancellation of the agreement if:
  • You find a person as a replacement, under the same conditions and type of contract, until at least the End Date.
In this case, the person replacing you shall not have signed a contract with us during the previous year, nor be in the process of negotiating or signing a contract for the current year. In addition, this person must be a student, researcher or belong to the academic world, and be of the same sex as you in the case of having a bed in a shared room. To request the cancellation of the contract, you will have to inform us in writing, by sending an e-mail to the address of your accommodation indicated in the contract, and follow the procedure indicated for that case.
  • If with respect to the Agreed Period, you pay 50% of the Housing Fee as compensation for the damage caused.
In any case, the penalty shall not be less than one (1) month nor more than three (3) months of the Housing Fee that was contracted. 
  1. Cancellation from the start date, and prior to the completion of the agreed period:
 Once your contract has started, you may also request cancellation if:
  1. You find a person to replace you, on the same terms and under the same type of contract until at least the End Date of the contract. The person who replaces you will have to meet the requirements set forth in Section 1 (4).
  2. You may request the unilateral cancellation of the Agreement, before the expiry of the agreed period, if with respect to the time required to complete the Agreed Period, you pay 50% of the remaining amount of the Agreement, considering that:
 In any case, this penalty shall not be less than one (1) nor more than three (3) installments of the Housing Fee that was contracted. Furthermore: 
  • You will have to pay in full the month which you leave the accommodation, and
  • The penalty will be calculated considering the period remaining to complete the Agreement (End Date), excluding the month in which you leave the accommodation.
To manage all these situations once the contract has started, you must send a cancellation request to the email address of the building where you are. You can find this email address in the Particular Conditions of your agreement.

All bookings are subject to availability. Nido reserves the right to reject a booking at any time, cancel it or not accept it, in the event that the payment information provided is not valid or if the security systems indicate that the reservation is anomalous or there is a risk that it is fraudulent.
  1. Cancellation prior to the start date (Non-Students)
    1. Bookings of 30 days or less:
      1. May be cancelled without cost if cancellation request is communicated more than 45 days before the star date of the contract.
      2. For cancellations made less than 45 days in advance, the cancellation of the booking by the client will result in applying the following percentage as compensation:
      3. 5% when the cancellation is communicated more than 30 days before the date of check-in.
      4. 40%, if the cancellation is made between 30 days or less and more than 15 days.
      5. 60%, if the cancellation is made between 15 or less days and more than 7 days.
      6. 100% if the cancellation is made 7 days or less before the star date of the contract. 
  2. Bookings longer than 30 days:
 You may cancel your contract before the Agreed Period is fulfilled, if:
  1. You find a person to replace you in the Agreement, under the same conditions and type of Agreement until, at least, the End Date.The person replacing you will have to meet the same requirements indicated above;
  2. if with regard to the remaining time to complete the Agreed Period, the Guest pays 50% of the amount still due, with a maximum of three (3) Instalments and a minimum of one (1), as compensation for the damage caused. The penalty will be calculated considering the period remaining to the End Date.
Additionally, the Guest must pay in full the month which leaves the Accommodation.

To manage these situations, you must send a cancellation request to the email address of the building where you are hosted.

 Important:
It will be understood that the cancellation has been duly notified when the email or notice has been sent before 00:00 hours on the relevant day. Any email or notice sent after 00:00 hours on the relevant day will be deemed to have been notified on the following day.