Brochure 2010-2011:Layout 1.qxd

(1) GENERAL DESCRIPTION
Our residence is located at the Campus and is owned and run by IBS and provides a
protected environment and high standard of accommodation. All the rooms have separate
bathrooms and are fully furnished with bed(s), study desk(s), refrigerator, TV-set, storage
cupboard, preferably for one occupant. Shared occupation with two single beds is also
possible upon request. Internet access (1 port provided) is available in all rooms.
24-hour open reception is run by IBS Residence Hall. After 11:00 p.m. and before 7:00
front door is locked, and Residents and their guests (signed in previously) are only permitted
to enter the building. Proof of identification must be shown at the reception without
any previous notice.
(2) SERVICES INCLUDED IN RENTAL FEES
o Rent of the room
o Heat, electricity and water
o Payment of all taxes
o Internet service (regardless of whether you have a computer)
o Cable television
o Access to common areas such as kitchen/dining areas and laundry rooms
o Bed-linen, sheets, duvet covers and laundry are provided
o Maintenance
(3) RENTAL PERIODS
The type of housing duration you choose will depend on your personal preferences and
the length of your study period at IBS.
The normal one-semester contract period is five months running from September 1 through
January 31 the following year (autumn period) or February 1 through June 30 (same
year) (spring period).
The normal two-semester contract period is ten months running from September 1 through
June 30, the following year.
In the summer period, a one-month contract extension from July 1 through July 31 is possible
provided that you had a lease in the Spring Semester.
Contracts of different duration are possible only upon special request, and require the permission
of the Residence Hall Director.
In August, the Residence is closed for cleaning and renovation.
(4) TERMINATION AND BREACH OF CONTRACT
Termination of your 5- or 10- or 11-month housing contract either at the beginning or during
the semester or year is normally not possible and thus all requests for such action will
be refused by IBS.
(a) Valid reasons for Termination of Contract by the Student
The only valid reasons for termination of the contract, recognisable by IBS during the
contract period are:
o serious illness, requiring hospitalization or long recuperation,
o any unexpected circumstance beyond your control which requires you to leave IBS for
good.
In order to terminate the housing contract the Student must submit a Letter of Termination
sent from your IBS e-mail address to residencehall@ibs-b.hu specifying the Termination
Date. Any reasons given must be fully substantiated by documents issued by a proper authority.
IBS reserves the right to approve the Termination and to investigate the validity of
the documents presented.
Termination of contract for valid reasons attracts a refund of the rental fee for any months
paid but not started. A month counts as “month started” on or after its 5th calendar day.
For purposes of calculation of refunds the Termination Date counts, on condition that the
Termination is approved by IBS and that the room is properly vacated by the Termination
Date.
(b) Valid reasons for Termination of Contract by IBS
IBS will terminate the Contract in the following cases:
o suspension or expulsion from IBS for disciplinary reasons
o expulsion from IBS Residence Hall for non-compliance with Regulations
o failure to pay the Rental Fee
Suspension or expulsion from IBS or IBS Residence Hall on disciplinary grounds counts
as Breach of Contract. In this case the Student is not entitled to a refund of any part of
the rental fees paid, and any instalments still owed for the contract period must be paid.
(c) Valid Reasons for Modification of Housing Contract
RESIDENCE HALL TERMS AND CONDITIONS
Students from Kiev, Ukraine have travelled
897 km to study at IBS.
o From the first day of housing duration, within the first 30 days ( till 1 October) Student
may request to modify the length of Contract from 5 months to 10 months by submitting
a written declaration. The rental fee for the first month will be equivalent with the rental
fee for the 5-month housing contract and for the remaining period the10-month housing
contract rental fee must be paid.
o At any time during the housing contract Student may request the modification of the type
of the Contract (from single to shared occupancy or reverse) by submitting a written
declaration. The rate and date of the modification of the rental fee will be appointed by
the Director of Residence Hall.
The approval of the request of Modification of Housing Contract is not automatic, it is the
consideration of Residence Hall Director in all cases, the Student has no right to appeal
against the decision.
The fee of Modification of Housing Contract is �100.
(5) TABLE OF RENTAL FEES
See on Residence Hall page!
(6) CONSEQUENCES OF NON-PAYMENT
Paying the Security Deposit and Instalment 1 are prerequisites for moving in IBS Residence
Hall. Students failing to pay the deposit or/and the rental fee shall not be allowed to
reside. Students failing to pay the rental fee by due date must pay interest of delay and
face ultimate consequences of Termination of Contract by IBS according to point (4(b)),
however this will not clear the student’s contractual debt. Any students with a debt to IBS
or IBS Residence Hall, including rental fees, will be denied the opportunity to register for
examinations and/or modules until all debts are cleared.
(7) SECURITY DEPOSIT
Students must pay a one-off deposit which guarantees the room reservation and also
serves as a cover for damages caused by students to room and furnishings as well as for
fines charged for any failure to comply with Residence Hall Rules and Regulations. The
deposit cannot in any circumstance be used to pay any part of the rental fees.
The deposit (subject to deductions; cf. Section 11. of Rules and Regulations) will be
returned by bank transfer after the student has left IBS Residence Hall for good. The cost
of transaction (� 10-15) will be deducted from the deposit.
Should the total value of damage, combined with the total value of fines charged against
the Security Deposit exceed the Security Deposit previously paid, the Student will be
charged the difference between the Security Deposit and the actual repair and replacement
costs and/or fines, and will be automatically expelled from the Residence Hall,
with the consequences of Termination of Contract by IBS as described in Section (4/b).
Security Deposit per student: �380
Should any deductions cause the deposit to drop below �380 in 5 months the Student
must pay the difference before the start of the following 5-month period (by 1 September
or 1 February) so that the next period (spring or autumn) starts with the �380 deposit fully
available.
1-month summer extension: the deposit you paid for the Spring semester will serve for the
extension period
(8) RESERVATION
You can reserve a room by completing the respective Housing Contract and by
transferring the Security Deposit by August 15 (for the spring semester, January 15) at the
latest. If you change your mind after having reserved a room at IBS Residence Hall, you
may cancel the reservation in writing prior to moving in. If cancellation has been duly
received prior to July 31 (December 31), the security deposit will be returned. In case of
a cancellation on or after August 1 (January 1), a 50% processing fee will be withheld
from your Security Deposit.
(9) MODE OF PAYMENT
Security Deposits and Rental Fees must be paid in Euros by bank transfer to the following
bank account:
Account holder: IBS Nemzetközi Üzleti Iskolafenntartó Kft. (IBS Kft.):
12001008 - 00242978 – 00500005
IBAN: HU 3712 0010 0800 2429 7800 5000 05
Name of Bank: Raiffeisen Bank Zrt.
Address of Bank: H-1054 Budapest, Akadémia u. 6.
SWIFT code: UBRTHUHB