If you are residing in Yarra House, you must vacate your residence within 48 hours of providing the Resident Notification to Village Management (see Question 2: How does First Year Exemption work?).
If you comply with all of the above terms, your liability under the Residential Agreement will be limited to the Residential Fees and other charges payable under the Residential Agreement from 1 January 2017 to the date Village Management receives the Resident Notification from you.
First Year Exemption will not apply where you have accepted a University Offer but you elect to defer or withdraw from your studies.
If you do not comply with the abovementioned terms, the First Year Exemption will not apply and you will be liable for all Residential Fees and other charges payable under the Residential Agreement.