Housing Agreement Summary Sample Clauses

Housing Agreement Summary. A. For each calendar year there are two termination dates for the Housing Agreement. Every Agreement signed before May 31st of any year will end on May 31st of that year. Every Agreement signed before December 31st, but after May 31st of any year, will end on December 31st of that year. Each of these periods is referred to as “Occupancy Period.” When you sign the Housing Agreement you are obligated to its terms until the end of the Occupancy Period of signing. The Housing Agreement will renew automatically on the first day following the Occupancy Period unless the student gives a 30 day move-out notice and moves out prior to that date. Significant penalties may apply if the term of the Housing Agreement is not fulfilled. B. In cases where a student plans to move out of campus housing before the end of an occupancy period, it is recommended they request to sign a Month-to-Month Housing Agreement instead of the standard Housing Agreement. This agreement carries a rent rate of $150/mo more than the Seminary’s advertised rent for the student’s apartment, but gives the student flexibility of moving out at the end of any month with a 30-day written notice. C. The student is required to take at least 6 term hours during each spring and fall semester. If the student has family members who live in the household and are enrolled in classes at the Seminary, their term hours can count toward fulfilling the minimum-hours requirement of the student provided the Housing Office is notified in writing of the their enrollment. The administration understands that due to certain circumstances it may not be possible for the student to take at least 6 hours. If a student will not be able to meet this requirement for an acceptable reason and will submit this reason in writing to the Director of Housing, the student may be given a waiver for this requirement. Acceptable reasons include: family health issues, one semester of financial difficulties, graduating within two semesters but scheduling does not allow for taking 6 term hours, and graduating at the end of the semester and needs less than 6 term hours to complete the degree work. There may be other acceptable reasons as well. Students whose work schedule does not permit 6 term hours per semester may, with the Director of Housing, work out an alternate hours plan provided 12 hours are completed in the calendar year. Failure of the student to satisfy these requirements may result, at the Seminary’s discretion, in either the st...
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