When I started at university some 15 years ago, this is what we were cheerfully told by the warden at my hall of residence on the first day.
Result? Vandalism. Loads of it. Every term an itemised list was published of all the "vandalism" that had occurred, with the inflated cost of making it good (which wasn't always done), from tags off fire extinguishers to bar glasses found in bedrooms, and fire alarms set off at night.
Now, of course damage must be paid for, but many of us there thought that their approach was presenting an axe to a vandal on a golden platter.
Since then I have always wondered: do all universities have this problem (after all, the building would frequently be full of late teenagers trying alcohol, some for the first time), or was it just the way the one I was at dealt with it? There was almost no CCTV in the hall of residence then, so nobody would ever be caught, and neither was any effort made to do so either; it simply went on the "battels". But there was a lot of discontentment because of it. Perhaps it was their way of making people want to leave hall of residence in their second year?