Common use of Occupancy Fee Clause in Contracts

Occupancy Fee. i. Payment in Full, Summer or Fall Move-In, 9-12 month license period: Residents who paid in full for the Summer - Spring, Summer - Summer, Fall - Spring, or Fall - Summer license periods, the occupancy fee is partially refundable if the resident notifies the college of his/her intent to move out by November 1st of the move-in year. Residents will receive a refund equivalent to approximately 45% of the full license fee paid. Residents who request the refund are expected to vacate the unit by the final day of Fall Quarter of the move-in year. For students who move in the Studios in other quarters, or who move in for Summer only, the license fee is not refundable.