Lease Cancellation Policy
A lease may only be canceled for the following reasons:
DENIAL OF ADMISSION:
If the student has been denied admission to University, Resident shall provide to Landlord at least 30 days written notice prior to the beginning of the term of this contract along with supporting documentation from the University. Upon such notice and receipt of proper documents, Landlord shall refund to Resident any previously paid rent.
DECLINE OF ACCEPTANCE:
If Resident is accepted for admission to the University, but decides for any reason not to enroll in the University, Tenant shall provide Landlord at least 60 days written notice prior to the beginning of the term of this contract along with supporting documentation. Upon such notice and receipt of documentation, Landlord shall refund to Resident any previously paid rent.
In the event a Resident fails to comply with the notice provisions of this paragraph, the Resident may still be entitled to a refund; but resident shall be liable for a $250.00 cancellation fee.
ASSIGNMENT POLICY:
While you cannot lease any part of your Bed or the Suite to another person, you may be able to assign your rights under this Lease to another person if we give our written consent, but the giving of our consent is at our sole discretion. We are not responsible for finding a person to whom you can assign the Lease and we are not obligated to assist you in finding a potential assignee or to fill your Bedroom before filling other bedrooms in the Community. It is your sole responsibility to find a person to whom you can assign this Lease. Even if you do assign this Lease, you will still be liable for all of the obligations under this Lease unless we specifically agree, in writing, to release you. A $200.00 assignment fee must be paid by you prior to the assignment and the new resident must fully execute the lease before the assignment will be considered complete.
Refund Policy
Granville Towers will issue the following refunds based on the status of your application/lease:
Administrative Fee is non-refundable
Application Fee is non-refundable
Any pre-paid rent made to Granville Towers will be refunded in full.
Cancellation of a lease contract can only occur for the reasons listed above. Should you have another circumstance that does not allow you to fulfill the term of your lease you have the option to Re-let your space. Please see section #33 of the Lease Agreement for our assignment policy.
To assign your space, you must find another student to take over the remaining term and balance of your lease contract. A $200 assignment fee is due at this time.
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