10. (1) Every owner shall fix fair rates to be charged for board, lodging and other services provided in the hotel or restaurant. (2) Every owner may either fix a consolidated rate of lodging, board and service, or for lodging and service only or fair rates separately for- (a) lodging with reference to the nature of the accommodation and the number of guests to be accommodated; (b) board, partial or full; and (c) other service. (3) Fair rates may be fixed separately for daily and monthly guests. Explanation.- A guest who agrees to reserve accommodation, or for whom accommodation is reserved, for a period of one month or more, shall be deemed to be a monthly guest provided he actually stays for one month or more or has actually paid in advance for one month, and where the reservation is not for any specified period, or is for a period less than a month, the guest shall be deemed to be a daily guest.