1. ÐÓ°ÉרÇø Housing and Residential Life
  2. For Residents
  3. Contract Buyout

Contract Buyout

Once an individual has signed the contract on the Housing Portal, the student is then placed in a legally binding contract with the ÐÓ°ÉרÇø's Office of ÐÓ°ÉרÇø Housing. If the student wishes to request termination of that binding contract, the student must complete a contract buyout request form. All buyouts are reviewed individually and a decision is emailed to the student's ÐÓ°ÉרÇø email. 

  • The student must email oncampusliving@louisiana.edu to request the form be activated
  • Full instructions will be sent to the student's ÐÓ°ÉרÇø email
  • Complete the Contract Buyout Request Form
  • Allow 5-10 business days for the paperwork to be processed and for you to receive further instructions
  • You must be approved for a contract buyout to be released from your Housing Contract.

Reasons for Contract Buyout

  • Medical: Documentation from a licensed medical professional should be provided to support a medical release.
  • Financial: Any documentation that would support a significant change in financial status since the housing contract was signed must be submitted. This documentation could include but is not limited to information such as loss/change of financial aid, a letter indicating the amount of contributions being made to your education expenses, verification of FEMA loss, employment termination, etc.
  • Academic: Any documentation that would support an academic change must be submitted. This documentation could include but is not limited to an official ÐÓ°ÉרÇø correspondence verifying your withdrawal (academic suspension, resignation, or graduation) from The ÐÓ°ÉרÇø or official acceptance to another institution.

After the form has been submitted with supporting documentation, the request will be flagged for administrative review. This process could take between 5 ÐÓ°ÉרÇø“ 10 business days. After a review, the student will receive an email with the official contract buyout process decision.

Note: This is not a guarantee of release, but simply a request.

Students should NOT sign another lease with an off-campus property until after receiving written approval of the Contract Buyout.

Cancellation Fees

All cancellations will forfeit the application fee and prepayment ($250) plus the following:

  1. June 10 until check-in: $250 cancellation fee
  2. Check-in until the 14th class day: $500.00 Fall cancellation fee and $250.00 spring cancellation fee
  3. 15th class day until the end of the Fall semester: Proration of charges until the key is returned and $250.00 Spring cancellation fee
  4. January 1 until check-in: $250.00 cancellation fee
  5. Check-in until the 14th class day: $500.00 penalty charge
  6. 15th class day until the end of the fall semester: Proration of charges until the key is returned

All cancellations will forfeit the application fee and prepayment ($250) plus the following:

Spring Only Contract

  1. January 1 until check-in: $250.00 cancellation fee
  2. Check-in until the 14th class day: $500.00 penalty charge
  3. 15th class day until the end of the Spring semester: Proration of charges until the key is returned

All cancellations will forfeit the application fee and prepayment ($250) plus the following:

Summer Only Contract

  1. May 1 until check-in: $250.00 cancellation fee
  2. Check in until 14th class day: $500.00 penalty charge
  3. 15th class day until end of summer semester: Proration of charges until key is returned
  1. Graduating during the Term or academically ineligible to return: No cancellation fee
  2. Move out as a result of disciplinary action: Payment in full for full Term of Contract
  3. Move out for force majeure or the convenience of the ÐÓ°ÉרÇø: Prorated fees as of move out date