Friday, June 3, 2011

BYU Off Campus Housing Contracts- SPREAD THE WORD!

Last Winter Semester, there was a lot of confusion as to whether those who went on internships study abroad programs needed to sell their contracts. My manager very kindly "let me off" but I myself want to know for future reference.

According to BYU Off-campus Housing Contract (which is the mandatory standard contract all students sign):
23. TERMINATION BY STUDENT OR AUTOMATIC TERMINATION: The Agreement may be automatically terminated, or terminated by the student, prior to its expiration, with all rental charges prorated through the last day of tenancy under the following circumstances and conditions:

D. If, at any time during the term of the contract, the student graduates from BYU or is required to do an internship for graduation which necessitates leaving the area, the student may terminate with 120 days written notice and shall forfeit security deposit and legal deductions. After receiving the 120 day written notice the Landlord may at the end of any semester, relet the rental space and thus relieve the student of any further obligation under this Agreement or continue to collect rents for the full duration of the 120 days. The student’s rent obligation continues 120 days from the date written notice is given to the landlord.
E. After student gives notice of his or her intent to vacate the property, if the student or landlord finds a suitable substitute student who executes a new rental Agreement with the landlord, the student may terminate without penalty or further contractual obligation. The last day of tenancy shall be the day before the substitute tenancy begins and the landlord shall not unreasonably decline to accept any suitable substitute student or aid the student in finding and renting the property to any suitable substitute student. Landlord may charge the student a reasonable fee for costs of early termination under this subsection provided such fee is agreed to in writing. If the student finds a suitable substitute student, which the landlord refuses to accept in a timely manner, the student may terminate without penalty or further contractual obligation. No subleasing or assignment is permitted except as agreed to by landlord.
etc.

My question: What about if the 120 days falls halfway through a semester- am I still obligated to pay the rent for the remaining for the semester once my 120 days notice is over?
Off Campus Housing Reply: Once the 120 days written notice is over, the students should not have to pay rent for the remainder of the contract.


So, once you receive notification about an internship/ study abroad, make sure you inform your landlord ASAP, so that if you are unable to find someone to buy your contract, you won't be penalized for the subsequent entire semester! 

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