Contract Cancellation Policies for Fall 2024/Spring 2025
The lease is based on your school status. You must be a UNC student to live at Granville Towers, so if you are withdrawing or are not accepted to UNC, the lease provides options for cancellation based on the following criteria:If you are NOT accepted at UNC (page 2, Item #2, paragraph “Pre-term termination by resident,” (A)
- You must provide written notice 30 days prior to the start of the lease1 that you were not accepted to UNC
- You will need to provide documentation of denial of admission
- If you do not give 30 days notice2 you will owe a $250 cancellation fee
If you ARE accepted at UNC but decide NOT to enroll (page 2, Item #2, paragraph “Pre-term termination by resident,” (B)
- You must provide notice 60 days prior to the start of the lease that you will not enroll at UNC
- You must provide documentation of your non-enrollment status at UNC
- If you do not give 60 days notice3 you will owe a $250 cancellation fee.
If you are enrolled at UNC and no longer want to reside at Granville Towers, you have the following options:
The lease does not provide specific terms for cancellation during the term if you are still attending UNC. However, the lease does provide guidelines (Page 5, Item #14, last paragraph in bold).
In the interest of being fair and consistent with all of our customers, we set a predetermined policy at the start of each leasing season so that policies are implemented in a uniform manner. For the Fall 2024/Spring 2025 term the options are as follows:
The resident is responsible for their lease, but may recruit a replacement tenant to fill their “space” at Granville Towers. In order to serve as a replacement tenant:
- The replacement tenant must be enrolled at UNC for the term of the lease
- The individual cannot have an application or lease with us for the term of the lease (i.e. 2024-2025). This policy is explained in item #29 of your lease, Assignment.
- The Replacement Tenant Form must be completed and submitted to the Leasing Manager in writing prior to them applying online (or in person) to satisfy the assignment requirement.
- Pay a $250 cancellation fee.
If Granville Towers has a waiting list at any point after, we will do our best to assist in finding a replacement tenant that wishes to live at Granville Towers. If we have a waiting list and can replace your lease, you would owe a cancellation fee of $250 fee.
1 The lease dates for 2024-2025 are August 15, 2024 – May 10, 2025.
2 30 days’ notice for 2024-2025 is July 15, 2024.
3 60 days’ notice for 2024-2025 is June 15, 2024.
Updated 12.20.2023