You do not have to reject for spelling errors. It is up to you to decide whether the error is so bad that a regular person would not understand the text. “I don’t know” is an option.
Can I edit a misspelling in the title or description?
At this time, reviewers cannot edit submissions beyond suggesting a new real-world location. If the title or description does not violate acceptance criteria, vote accordingly. Once the Wayspot is live, other Wayfinders will have an opportunity to submit an edit and suggest a better title/description.