If written notice of cancellation of a reservation for a housing facility is received by the president at least 30 days prior to the beginning of the fee period, the reservation and any license shall be canceled. If a licensee requests to cancel a reservation less than 30 days prior to the beginning of the fee period, the request shall contain the reasons therefor. The president, using the standards established pursuant to Section 42017 of this Article, may grant or deny the request to cancel.