Residential Fee definition
Examples of Residential Fee in a sentence
By the date of your Admission you (and any Guarantor and/or Third Party Contributor) shall have paid the Advance Residential Fee for 28 days residence (see clause 8.1.1) and must have set up and thereafter must maintain a direct debit.
For the avoidance of doubt, any fee adjustment would be separate to the Residential Fee and Enhanced Room Fee increases referred to in clause 6 above.
Payments by direct debit are made in advance for the following month’s care and shall be made by the last working day of the preceding month, e.g. if you move into the home on 1 May, on the last working day of May payment will be made, having taken into account the Advance Residential Fee which covered 1 – 28 May, for the three days shortfall in May (29 – 31 May) and for all of June.
Only then will we use any excess pre-admission payment received by us towards satisfying the obligation to pay us the Advance Residential Fee.
The Residential Fee will be calculated by taking into account those fees and charges incurred by the Licensee in the course of his/her occupancy and all other personally incurred fees and outgoings as set out in the schedule of payments contained in the letter of offer (“the Letter of Offer”) received by the Licensee prior to acceptance of the terms and conditions of this Agreement.
For the avoidance of doubt, any fee adjustment would be separate to the Residential Fee.
Only then will any excess pre- admission payment be received by us be used towards satisfying the obligation to pay us the Advance Residential Fee.
Payments by direct debit are made in advance for the following month’s care and shall be made by the last working day of the preceding month i.e. if you move into the home on 1 May, on the last working day of May payment will be made, having taken into account the Advance Residential Fee which covered 1 – 28 May, for the three days shortfall in May ( 29 – 31 May ) and for all of June.
The Residential Fee is to be paid in full on the relevant instalment date and the Resident must ensure that they have the appropriate credit on their account, as per the payment schedule.
This discount provides a $5 discount on the Accommodation Component of the Weekly Residential Fee if the fee is paid in full for the Study Period by the Due Date.