This Agreement may be cancelled in writing prior to occupancy, resulting in forfeiture of the $200 security deposit, with the exception of fall quarter as follows:

• Returning Resident Renewal Cancellations received by June 1 result in no penalty. Cancellations received on or after:
  • June 1 result in a $200 fee
  • July 1 result in a $400 fee
  • August 1 result in a $600 fee
• New Residents: Cancellations received by June 30 result in a full refund of the housing deposit; cancellations received between July 1 and August 15 result in a half refund.