Common use of Contract Exchange Clause in Contracts

Contract Exchange. A. As approved by the university, this contract may be exchanged by the resident (current contract holder) with another student (prospective resident) as long as neither is required by University Housing Regulation to reside in university residence halls and upon satisfaction of the following requirements: i. The current contract holder: a. Must locate an eligible prospective resident who must have neither requested housing information on the university undergraduate admission application, nor made previous contact with University Housing to request housing information. If a standby request list exists because of limited residence hall vacancies, the current contract holder must exchange with someone on the standby list. b. Gives up a contract for residence hall living space, not for space in a particular room or residence hall.