When first enrolling at Mission Viejo Montessori, your LMTD will be held as a Placement Reservation Deposit (PRD), which is fully earned by Mission Viejo Montessori and non-refundable at time of payment and guarantees your student a place within the program selected until such time as your student begins school with us. After starting school with us, the PRD will automatically convert to a Last Month’s Tuition Deposit. At such time as we receive a written 30-day notice of withdrawal for your student, your LMTD will be applied to your account at the end of the month and any monies due back to you will be refunded.
If Parent pre-enrolls a current student with us for the next school year, the LMTD on account with Mission Viejo Montessori will convert to a PRD, which is fully earned by Mission Viejo Montessori and non-refundable at the time of the pre-enrollment election and guarantees your child a place within the program selected until such time as the new semester is complete. Once the first semester of the school year is complete, your PRD will revert to a normal LMTD.
It is agreed, understood and acknowledged that space is limited within the various programs offered at Mission Viejo Montessori and a student who either fails to begin the school year, or complete the first semester of the school year after pre-enrolling will result in losses, costs and expenses to Mission Viejo Montessori that would be difficult if not impossible to ascertain. Therefore the parties agree that in the event either a Parent enrolls a student and the student fails to start school, or a Parent pre-enrolls a student and the student fails to complete the first semester of the new school year, Mission Viejo Montessori shall retain the PRD as liquidated damages for student’s failure to start school or complete the first semester of the new school year. Nothing contained herein shall be construed to limit the right of Mission Viejo Montessori to bill and collect from Parent any other outstanding charges owed Mission Viejo Montessori pursuant to the Tuition Agreement or any other provision of this Policies and Procedures Handbook.