25.2 General considerations
The campus housing (excluding Seaside Faculty Housing) at the University has been developed under a Public Private Partnership with the Developer. Under the terms of the Project Contract between the University and the Developer, the housing has been designed and constructed by the Developer to a specification agreed between the two parties. Upon completion of the buildings, ownership has been transferred to the University, and the University has entered into a Master Lease with the Developer to operate and maintain the housing on behalf of the university. In principle, the Developer’s source of income is the rental fees derived from the use of the housing by members of the university. To ensure the commercial viability of the project for the Developer, the University has given an undertaking to maintain an agreed level of occupancy in the housing.
Notwithstanding the above (25.2.1), certain costs for long-term renovation of the housing are to be borne by the University, in accordance with provisions set out in the Project Contract between the University and the Developer.
In principle, housing is provided on a furnished basis for students and an unfurnished basis for faculty and researchers. However, the University has furnished a number of apartments and houses for use by incoming faculty and researchers without their own furniture. A separate monthly fee will be charged to residents in furnished housing to recover the replacement cost of the items installed.The furniture agreement, charging method, and fee table are stipulated here.
A limited number of furnished houses and apartments are held by the University for short-term use by visiting faculty and researchers. Eligibility and conditions are set out in Accomodation Procedure.
Off-campus housing may be rented by the university for Officers and employees, and students. Eligibility and conditions for the Officers and employees are set out in Off-Campus Rental Housing Regulations for Officers and Employees. For the students, eligibility and conditions are set out in Off-Campus Rental Housing Regulations for Students.