FALL 2010 & WINTER 2011
(SEPTEMBER 2010 - APRIL 2011)
OPTION 1 - Save $125.00
$6,000.00 due July 3, 2010
OPTION 2
$3,875.00 due July 3, 2010
$2,250.00 due December 1, 2010 |
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WINTER 2011
(JANUARY 2011 - APRIL 2011)
$3,000.00 due December 1, 2010 |
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SUMMER 2010
(MAY 2010 - AUGUST 2010)
OPTION 1
$1,800.00 due April 15, 2010
OPTION 2
4 payments of $450.00 due April 15,
May 15, June 15, and July 15, 2010 |
The following information is directly quoted from section 8 of the Student Residence Agreement. The cancellation policy refers to residence fees and the deposit, which are detailed in sections 2.02 and 2.03 of the Student Residence Agreement. Section 8.06 explains the differences in the policy for students applying for specific terms (Fall and Winter, Winter only, and Spring/Summer only).
If you have any questions about the termination and cancellation policy please give us a call.
2.02 Residence Fees. The Resident must pay one of the following fees, as selected and initialled by the Resident, (the “Residence Fees”) for the right to occupy a Room during the Term.
(a) $6,000.00 payable on or before July 3, 2010, at 5:00 p.m. or
(b) $6,125.00 payable as to $3,875.00 on or before July 3, 2010 at 5:00 p.m. and as to $2,250.00 on or before December 1, 2010 at 5:00 p.m.
2.03 Deposit. Prior to the Resident’s first payment of Residence Fees, the Resident must pay the sum of $500.00 as a deposit (the “Deposit”) to be held by the Manager and applied to the cost of repairing damage to the Room and to any unpaid amounts owing by the Resident under this Agreement. Upon the termination of this Agreement, provided that there are no damage claims or unpaid amounts then owing, the Deposit will be refunded to the Resident as described in section 8 of this Agreement.
8.01 Termination by the Manager. This agreement may be terminated by the Manager if: (a) the Resident fails to check into their assigned Room within five (5) days of the first day of the First or Second Semester; (b) the Resident abandons their Room as detailed in section 8.03 of this Agreement; (c) the Resident ceases to be a full-time student of the Institution; (d) the Resident decides not to accept the Room they were assigned, or any alternate rooms offered to them during the course of this Agreement; or (e) the Resident violates any of the terms of this Agreement, including violations of the Residence Community Living Standards or Institution Standards. If Termination of Residency is deemed appropriate by the Manager there will be no financial compensation to the Resident. The Manager may notify the Guarantor by phone of the termination of the Resident’s residency at the same time, if possible, as written Notice of Termination of Residency is delivered to the Resident. If the Resident is unavailable to receive service of the notice in person, then delivery of the notice to the Resident’s Room shall be deemed proper service and delivery. The Resident will be allowed 24 hours from the date and time of delivery of the Notice of Termination of Residency to fully vacate and remove all personal belongings from the Residence.
8.02 Termination or Cancellation by the Resident. If the Resident wishes to terminate this Agreement, the Resident must notify the Manager in writing by mail or fax. To cancel this Agreement, the Resident is expected to demonstrate that they are no longer enrolled in classes at the Institution or provide evidence of exceptional circumstances beyond his/her control. Please note that the Residence operates independently from the Institution and if the Resident cancels their application or enrolment at the Institution, they will also need to cancel their Residence application. Refunds will be issued by the Manager as detailed in section 8.06.
8.03 Abandonment. If the Resident vacates the Room prior to the expiry of the Term without the Manager’s prior agreement, the Room will be deemed abandoned by the Resident. In that event, the Manager may (i) repossess the Room without liability to the Manager, and (ii) enter into an agreement for the occupancy of the Room with a third party.
8.04 Termination Procedures. Upon the termination of the privileges of this Agreement, the Resident shall, forthwith vacate the Room within the time frame given, and deliver to the Manager vacant possession of the Room together with all of the furnishings, fixtures, appliances and telephone of the Residence, and the furnishings and fixtures shall be in good condition, with reasonable wear and tear excepted. The Resident will follow the Move-out Procedures explained in section 3.02 of this Agreement and all additional directions communicated by the Manager.
8.05 Failure to Vacate. If the Resident does not vacate the Residence on the expiry or early termination of this Agreement, (i) the Resident is liable for any financial loss sustained or incurred by the Institution or the Manager, and (ii) the Manager may remove the property of the Resident from the Room (whether or not the Resident is present at the time), and place the property in temporary storage in a location in the Residence of the Manager’s choice, at the Resident’s expense, without notice to the Resident and without liability to the Manager for any damage to or loss of the Resident’s property.
8.06 Refund Procedures. Upon the termination of this Agreement by the Resident, the Resident may be entitled to a partial refund of the Deposit and Residence Fees, without interest, within eight (8) weeks of the Resident vacating the Residence. The refund will be in the form of a cheque mailed to the Resident’s permanent address on file. Residence Fees, cancellation fees and refunds will be calculated on a pro-rated daily basis. Deposits are refunded less any outstanding charges and administration fees. Refunds are issued based on the following:
a) Fall/Winter Applications/Agreement
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(i) If the Resident’s written cancellation request is received by the Residence Manager prior to June 15, 2010, whether the Resident has been accepted into Residence or not, the Resident will receive a full refund of the Deposit and any Residence Fees paid to date. |
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(ii) If the Resident has been accepted into Residence and the Residence Manager receives the Resident’s written cancellation request after July 3, 2010, but before August 1, 2010, then the Resident’s Deposit will be forfeited. |
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(iii) If the Resident is on the wait list for Residence and the Residence Manager receives a written cancellation request before the Resident is accepted to Residence, then the Resident will be refunded the full Deposit. |
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(iv) If the Resident is on the wait list and a space becomes available after July 3, 2010, the Resident will be offered a space in Residence and asked to confirm the status of the Resident’s Residence acceptance within 24 hours. After confirmation to the Residence, all regular cancellation policies and payment deadlines apply. |
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(v) If the Resident has been accepted into Residence and the Residence Manager receives the Resident’s written cancellation request after August 1, 2010 but before the first day of the Term, then the Resident will be charged a late cancellation fee. The cancellation fee will be equivalent to 45 days of Residence Fees. The Deposit will be refunded less any damages, charges or money owing to the Residence. |
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(vi) If the Residence Manager receives the Resident’s written cancellation request after the first day of the Term and before November 15, 2010, then the Resident will be charged for each day they occupy a residence room plus a cancellation fee. The Resident must complete all Move-out Procedures detailed in section 3.02 before cancellation fees and refunds will be assessed and issued. The cancellation fee will be equivalent to 60 days of Residence Fees. The Deposit will be refunded less any damages, charges or money owing to the Residence. |
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(vii) If the Residence Manager receives the Resident’s written cancellation request after November 15, 2010, then the Resident will be charged for each day they occupy a residence room plus a cancellation fee. The Resident must complete all Move-out Procedures detailed in section 3.02 before cancellation fees and refunds will be assessed and issued. The cancellation fee will be equivalent to 90 days of Residence Fees. The Deposit will be refunded less any damages, charges or money owing to the Residence. |
b) Winter Applications/Agreements
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(i) If the Resident’s written cancellation request is received by the Residence Manager prior to December 1, 2010, whether the Resident has been accepted into Residence or not, the Resident will receive a full refund of the Resident’s Deposit and any Residence Fees paid to date. |
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(ii) If the Resident is on the wait list for Residence and the Residence Manager receives a written cancellation request before the Resident is accepted to Residence, then the Resident will be refunded the full Deposit. |
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(iii) If the Resident is on the wait list and a space becomes available, the Resident will be offered a space in Residence and asked to confirm the status of the Resident’s Residence acceptance within 24 hours. After confirmation to the Residence, all regular cancellation policies and payment deadlines apply. |
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(iv) If the Resident has been accepted into Residence and the Residence Manager receives the Resident’s written cancellation request after December 1, 2010 but before the first day of the Term, then the Resident will be charged a late cancellation fee. The cancellation fee will be equivalent to 45 days of Residence Fees. The Deposit will be refunded less any damages, charges or money owing to the Residence. |
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(v) If the Resident has been accepted into Residence and the Residence Manager receives the Resident’s written cancellation request after the first day of the term, then the Resident will be charged for each day they occupy a residence room plus a cancellation fee. The cancellation fee will be equivalent to 60 days of Residence Fees. The Deposit will be refunded less any damages, charges or money owing to the Residence. |
c) Summer Applications/Agreements
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(i) If the Resident’s written cancellation request is received by the Residence Manager prior to April 1, 2011, whether the Resident has been accepted into Residence or not, the Resident will receive a full refund of the Resident’s Deposit and any Residence Fees paid to date. |
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(ii) If the Resident is on the wait list for Residence and the Residence Manager receives a written cancellation request before the Resident is accepted to Residence, then the Resident will be refunded the full Deposit. |
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(iii) If the Resident is on the wait list and a space becomes available, the Resident will be offered a space in Residence and asked to confirm the status of the Resident’s Residence acceptance within 24 hours. After confirmation to the Residence, all regular cancellation policies and payment deadlines apply. |
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(iv) If the Resident has been accepted into Residence and the Residence Manager receives the Resident’s written cancellation request after April 1, 2011 but before the first day of the Term, then the Resident will be charged a late cancellation fee. The cancellation fee will be equivalent to 45 days of Residence Fees. The Deposit will be refunded less any damages, charges or money owing to the Residence. |
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(v) If the Resident has been accepted into Residence and the Residence Manager receives the Resident’s written cancellation request after the first day of the Term, then the Resident will be charged for each day they occupy a residence room plus a cancellation fee. The cancellation fee will be equivalent to 60 days of Residence Fees. The Deposit will be refunded less any damages, charges or money owing to the Residence. |
8.07 Payment after Notice of Termination. The Manager’s acceptance of any payment of arrears or of any other payment for the use or occupation of the Room, after delivery of a notice terminating this agreement to the Resident, does not operate as waiver of a notice of termination, nor re-instatement of this Agreement.
8.08 Binding Effect. Each reference in this Agreement to the Manager, the Institution, the Resident and the Guarantor includes their respective heirs, estate trustees, legal representatives, successors and assigns, as applicable. |
