It has already been prorated for you This means from August 12, 2017 – July 31, 2018 you have a total contract amount. In the past we would collect the total owed in 2 equal installments (August and January), similar to how you would pay tuition. However, many residents and parents asked for a 12 month equal installment plan. So we now divide the total for the lease term into 12 equal installments due on the 1st of each month (August-July). You are simply paying off the total lease term owed.

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