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Yes, be honest and do what is best for you and your daycare and your income. I did have a Mom go on mat leave last year and she kept her older child with me 3 days/week until he went to JK in Sept. to save the space. I was going to charge her $200/month as a holding fee but instead I filled the space because it worked out that another Mom was going on mat leave and it all fell into place pretty great for me.
However, the new mat leave Mom is asking me if I'll have a space in Jan. 2014. There is no way I can make any promises but they will be visiting since the older daughter was in my daycare for 3 1/2 years and my old clients tend to keep in touch, which I love. Who knows what will be happening in a year. One lesson we learn in our business is that it's ever changing and unpredictable.