Laurel House FAQ, part 4:

Contracts, Rents, Deposits, and Fees

What types of contracts are available? What are the contract periods?
How much is the rent?
Is there a deposit? If so, how much is it?
Are there any other fees? If so, how much are they?

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4.1 What types of contracts are available? What are the contract periods?
Two types of contracts are offered: full membership (live and eat at the house) and associate membership (only eat at the house). The contract periods almost always coincide with the dates for the "university residence halls" from the academic calendars of UT. Contact the membership coordinator at laurel@uts.cc.utexas.edu for the exact dates for this year.

4.2 How much is the rent?
Look at Laurel House Fact Sheet for current rent information. Note that the rent is the same for all rooms of the same occupancy type (single or double) regardless of the location of the room in the house. Please also note that the contract that you sign is for the full year and the rent amount is for the full year (not by monthly occupancy!). Three payment plans are possible:

Payment for the full year, due on the first day of the contract (5% discount).
Payment by semester, due on the first day of each semester (3% discount).
Payment by a pseudo-monthly plan with each payment roughly equal to "one month's rent" with exceptions that the first payment is 1.5 "months" and the last payment being 0.5 "months." Please note that under this plan there may not be an exact one-to-one correspondence between the length of your stay and the amount of rent due, especially if you do not stay the whole year. In these cases, the average rent per month may be higher than the figures listed above.
The summer contract is divided in two parts coinciding approximately with the two summer sessions of UT. The "rent" specified in the Fact Sheet is "per session".

If you have further questions, please contact the membership coordinator.

Disclaimer: See the contract for the full details of your payment responsibilities. The complete agreement between the member and College Houses is listed in that document and the above information is provided for informational purposes only.

4.3 Is there a deposit? If so, how much is it?
There is a $300 security deposit for all members who live at the house which is due when you sign your contract. It is refundable when you leave (minus any charges that you may owe).

4.4 Are there any other fees? If so, how much are they?
There is a $50 nonrefundable membership fee which is due when you sign your contract. This fee goes toward a lifetime membership in the North American Students of Cooperation (NASCO) and College House development funds. Applicants who are already members of NASCO are only required to pay $30. Applicants who are former members of College Houses do not have to pay the membership fee again. Benefits of NASCO membership include eligibility for participation in the the annual NASCO conference, the summer internship program, and the hostelling benefits programs at co-op nationwide.

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Laurel House Co-op / Austin, Texas, USA / last updated 28 March 2005
This page is published by Laurel Net Cooperative, a registered student organization. This page is not an official publication of The University of Texas at Austin and does not represent the views of The University or its officers.