Common use of PAYMENT OF RENTS Clause in Contracts

PAYMENT OF RENTS. Unless deferred by UCF DHRL, all housing rents relating to a specific period are due no later than the dates shown on Academic Calendar for the semester the Student will be in residence. Students who are assigned a room after the rent due date are granted an automatic extension of the due date to 14 days from the date the room assignment is made. UCF DHRL will NOT send an invoice or billing statement to the Student. Payments are due on a semester-by-semester basis. The amount of each payment is shown in Section 69, Room Rates: Applicable Rates Schedule of this agreement. Payments are on a term-by-term basis pursuant to the Academic Calendar due date shown for the applicable semester.. Cancellation Fees are based upon the length of the agreement the Student and UCF DHRL agree to, and the time of the cancellation. Students with an agreement for a summer residence will make only one payment, depending on which session(s) the Student is residing in Housing. Residents staying for both summer session A and summer session B owe the amounts shown for summer session C, and due dates are those shown for summer session C. Please refer to the Academic Calendar for payment due dates.