I wouldn't hold a spot unless it is within a month or I am full until the start date when another child will be leaving. I haven't had this happen yet, but if it does, they will have to either start earlier or pay full fees (although if it is within 2 months, I may consider a holding fee as others have mentioned as it is a gamble whether I would find someone to fill the spot). I guess it depends on how easy it is for you to fill your spots...how long it normally takes. I usually don't have too much trouble, so I am not willing to take a cut in income like this. Right now I have a family who has asked me if I would consider letting them stay home or go part time for the summer (the mom is a teacher)...this wasn't part of our original agreement and I have two kids from that family. I think I am going to tell her that she has to pay for the spots if she wants them held...I have had people contact me for summer already...I could fill the spots and although I don't want to lose this family as I like them a lot, I have to make the best business decision and can't afford to give away money like that.