For Gardens Apartments Only
Prior to Occupancy:
Cancellation of any apartment assignment by the student resident prior to occupancy, but after TAMU has received the Security Deposit and this signed Contract, will result in the student resident being assessed 100% of the monthly housing charge every month beginning on the “Contract Begin Date”, and continuing until the apartment is re-rented or the “Contract End Date” is reached. The monthly housing charges will be posted to the student’s University Apartments Online Housing Account each month and will be due by the seventh calendar day of the month. Failure to pay monthly housing charges in full each month will result in an enrollment block being placed on the student’s TAMU account until the bill is paid in full to the University Apartments. Failure to completely pay the bill in full will also result in automatic forfeiture of the entire Security Deposit.
During Occupancy:
Cancellation of any apartment assignment by the student resident during occupancy, but before the end of the contract term will result in the student resident being assessed 100% of the monthly housing charge every month for the remaining months of the contract term until the apartment is re-rented or the “Contract End Date” is reached. The Security Deposit will be maintained by TAMU and held against damages to TAMU-owned property until the apartment is re-rented. The remaining months of housing charges will be posted to the student’s University Apartments Online Housing Account each month and will be due by the seventh calendar day of the month. Failure to pay monthly housing charges in full each month will result in an enrollment block being placed on the student’s TAMU account until the bill is paid in full to the University Apartments Office. Failure to completely pay the bill in full will also result in automatic forfeiture of the entire Security Deposit.
Exceptions to Early Termination Charges:
Please refer to section 6c. in your individual housing contract.