Common use of Early Surrender Clause in Contracts

Early Surrender. You may surrender the unused portion of your License Term at any time by completing the appropriate University form and paying $1,500 (the “Surrender Fee”). Exercising your surrender rights does not excuse you from your obligation to pay Fees which accrue through the date on which you check-out from your Unit (including without limitation room fees prorated daily through the date of your check-out).

Appears in 3 contracts

Sources: Student Housing Terms and Conditions, Student Housing Terms and Conditions, Student Housing Agreement