Common use of Space Reservation Fee Clause in Contracts

Space Reservation Fee. A. After serving the purpose of reserving space for the beginning semester of the term of contract, the space reservation fee will be applied to the University Housing fees during the spring semester of the final term of the contract. A credit for the $300 space reservation fee will be applied to the resident’s University account once the deadline for contract changes has passed for that semester. B. In response to the request to reserve space, University Housing will attempt to acknowledge in writing that appropriate materials have been received and that space is being reserved. C. If the resident, through appropriate procedure outlined in this Section, releases the reserved space by written notice to University Housing (received and/or postmarked by dates indicated), the space reservation fee is refundable as follows, provided the resident has compiled with the terms and conditions of the contract: i. $150 refund (50% of the space reservation fee) when written notice of space release is received or postmarked through June 1st (when the term of the contract begins with autumn semester); December 15th (when the term of the contract begins with spring semester). ii. Forfeiture (no refund) of the space reservation fee if the notice of space release is postmarked and/or received June 2nd or later (when the contract begins with autumn semester); December 16th (when the contract begins with spring semester). (See section 14 for contract cancellation deadlines.) iii. Forfeiture (no refund) of the space reservation fee if departure from housing results from academic dismissal, withdrawal, or non-enrollment during the term of contract. D. If space is not available, and/or the contract is not accepted by University Housing, the space reservation fee will be refunded in full. E. After serving the purpose of reserving space for the beginning semester of the term of contract, the space reservation fee will be applied to the University statement of account for the final spring semester of the contract term. F. Residents that terminate their housing contract prior to the final spring semester of the contract term or who are approved for a special residence arrangement pursuant to the University Housing Regulation prior to the final spring semester of the contract term forfeit their space reservation fee.

Space Reservation Fee. A. After serving the purpose of reserving space for the beginning semester of the term of contract, the space reservation fee will be applied to the University Housing fees during university statement of account for the final spring semester of the final term of the contractcontract term. A credit for the $300 space reservation fee will be applied to the resident’s University university account once the refund deadline for contract changes has passed for that semester. B. In response to the request to reserve space, University Housing and Residence Education will attempt to acknowledge in writing that appropriate materials have been received and that space is being reserved. C. If the resident, through appropriate procedure outlined in this the Section, releases the reserved space by written notice to University Housing and Residence Education (received and/or postmarked by dates indicated), the space reservation fee is refundable as follows, provided the resident has compiled with the terms and conditions of the contract: i. $150 refund (50% of the space reservation fee) when written notice of space release is received or postmarked through June 1st May 15 (when the term of the contract begins with autumn semester); December 15th 15 (when the term of the contract begins with spring semester). ii. Forfeiture (no refund) of the space reservation fee if the notice of space release is postmarked and/or received June 2nd May 16 or later (when the contract begins with autumn semester); December 16th 16 (when the contract begins with spring semester). (See section 14 for contract cancellation deadlines.) iii. Forfeiture (no refund) of the space reservation fee if departure from housing results from academic dismissal, withdrawal, or non-enrollment during the term of the contract. D. If space is not available, and/or the contract is not accepted by University HousingHousing and Residence Education, the space reservation fee will be refunded in full. E. After serving the purpose of reserving space for the beginning semester of the term of contract, the space reservation fee will be applied to the University statement of account for the final spring semester of the contract term. F. Residents that terminate their housing contract prior to the final spring semester of the contract term or who are approved for a special residence arrangement pursuant to the University Housing Regulation prior to the final spring semester of the contract term forfeit their space reservation fee.

Space Reservation Fee. A. After serving the purpose of reserving space for the beginning semester of the term of contract, the space reservation fee will be applied to the University Housing and Residence Education fees during the spring semester of the final term of the contract. A credit for the $300 space reservation fee will be applied to the resident’s University account once the deadline for contract changes has passed for that semester. B. In response to the request to reserve space, University Housing and Residence Education will attempt to acknowledge in writing that appropriate materials have been received and that space is being reserved. C. If the resident, through appropriate procedure outlined in this Section, releases the reserved space by written notice to University Housing and Residence Education (received and/or postmarked by dates indicated), the space reservation fee is refundable as follows, provided the resident has compiled with the terms and conditions of the contract: i. $150 refund (50% of the space reservation fee) when written notice of space release is received or postmarked through June 1st (when the term of the contract begins with autumn semester); December 15th (when the term of the contract begins with spring semester). ii. Forfeiture (no refund) of the space reservation fee if the notice of space release is postmarked and/or received June 2nd or later (when the contract begins with autumn semester); December 16th (when the contract begins with spring semester). (See section 14 for contract cancellation deadlines.) iii. Forfeiture (no refund) of the space reservation fee if departure from housing results from academic dismissal, withdrawal, or non-enrollment during the term of contract. D. If space is not available, and/or the contract is not accepted by University HousingHousing and Residence Education, the space reservation fee will be refunded in full. E. After serving the purpose of reserving space for the beginning semester of the term of contract, the space reservation fee will be applied to the University statement of account for the final spring semester of the contract term. F. Residents that terminate their housing contract prior to the final spring semester of the contract term or who are approved for a special residence arrangement pursuant to the University Housing Regulation prior to the final spring semester of the contract term forfeit their space reservation fee.