Room Charges. 1. The Licensee shall pay the room rate that is specified in the established Rate Sheet. The rate of the room will be based on the license term and room type of the Licensee’s assigned room and/or apartment type. Generally, all apartment bedrooms are assigned as double-occupancy and all residence hall bedrooms are assigned at double, triple, or quadruple occupancy. There may be additional terms and conditions set forth online in the University Housing Room Rate, Payment, and Fee Schedule, and those terms and conditions are incorporated in this Agreement as though fully set forth herein. 2. In addition to the aforementioned fees, the Licensee shall pay, prior to occupying the Premises, a cleaning and damage Security Deposit as specified in the University Housing Room Rate, Payment, and Fee Schedule. This deposit shall be returned to the Licensee after they have vacated the Premises, less any deductions for housing charges still owed, and/or cleanup and repair expenses incurred by the University for the Premises and/or furnishings on the Inventory beyond ordinary wear and tear. The University will also assess charges to the Licensee for cleanup and repair expenses that exceed the amount of Security Deposit. 3. If the Licensee is paying for University room charges from financial aid, the Licensee hereby authorizes the University to deduct the amount necessary to pay these fees from their financial-aid award during the academic semester for which the financial aid is received. The Licensee shall be responsible for any room charges or other fee obligations that are not fully covered by the financial aid award. Payment is due according to dates established in the University Housing Room Rate, Payment, and Fee Schedule. 4. If the Licensee is assigned or executes a License Agreement after the opening date of the semester set forth in the Terms of Occupancy herein, the term of the License Agreement shall be prorated.
Appears in 3 contracts
Samples: University Housing License Agreement, University Housing License Agreement, University Housing License Agreement
Room Charges. 1. The Licensee shall pay the room rate that is specified in the established Rate Sheet. The rate of the room will be based on the license term and room type of the Licensee’s assigned room bedroom and/or apartment type. Generally, all apartment bedrooms are assigned as double-occupancy and all residence hall bedrooms are assigned at double, triple, or quadruple occupancy. There may be additional terms and conditions set forth online in the University Housing Room Rate, Payment, and Fee Schedule, and those terms and conditions are incorporated in this Agreement as though fully set forth herein.
2. In addition to the aforementioned fees, the Licensee shall pay, prior to occupying the Premises, a cleaning and damage Security Deposit as specified in the University Housing Room Rate, Payment, and Fee Schedule. This deposit shall be returned to the Licensee after they have vacated the Premises, less any deductions for housing charges still owed, and/or cleanup and repair expenses incurred by the University for the Premises and/or furnishings on the Inventory beyond ordinary wear and tear. The University will also assess charges to the Licensee for cleanup and repair expenses that exceed the amount of Security Deposit.
3. If the Licensee is paying for University room charges from financial aid, the Licensee hereby authorizes the University to deduct the amount necessary to pay these fees from their financial-aid award during the academic semester for which the financial aid is received. The Licensee shall be responsible for any room charges or other fee obligations that are not fully covered by the financial aid award. Payment is due according to dates established in the University Housing Room Rate, Payment, and Fee Schedule.
4. If the Licensee is assigned or executes a License Agreement after the opening date of the semester set forth in the Terms of Occupancy herein, the term of the License Agreement shall be prorated.
Appears in 2 contracts
Samples: University Housing License Agreement, University Housing License Agreement