Common use of Termination After Occupancy Clause in Contracts

Termination After Occupancy. A first-year Student cannot terminate this contract after occupancy unless CU Boulder released Student from the live-on requirement under this contract. The following financial consequences will apply to any Student termination after occupancy:  The $50 application charge will not be refunded.  The $250 deposit will be applied to any charges owed to CU Boulder and any remainder will be refunded.  Student must pay all financial responsibilities incurred from the first day of the Available Period of Occupancy through the date of checkout.  Student must pay a cancellation charge of 50% of the remaining Rate from the date of checkout through the last day of the Available Period of Occupancy for the semester. The cancellation charge increases to 100% if Student terminates within 30 days of the last date of the Available Period of Occupancy for the semester.  CU Boulder will not require Student to pay a cancellation charge if: (1) CU Boulder has determined that termination of this contract is necessary to reasonably accommodate Student’s disability; (2) Student has graduated, withdrawn by taking zero credits (including matriculation, continuing education, and online credits) at the University of Colorado Boulder; (3) Student has decided to attend another University of Colorado campus instead of the University of Colorado Boulder and provided documentation to Housing & Dining to support any of those circumstances; or (4) Housing & Dining approved Student’s petition for release from the cancellation charge requirement.  Any other financial responsibilities already paid by Student pursuant to this contract will be refunded or credited to Student’s account to the extent they are refundable.