The Reiwa Tenancy Application Form is a crucial document for anyone looking to secure a residential tenancy agreement in Western Australia, approved by the Real Estate Institute of Western Australia (REIWA). This comprehensive form, designed for use by REIWA members, not only gathers detailed information from applicants to assist lessors in selecting the most suitable tenant but also outlines the financial prerequisites and conditions needed to proceed with a rental agreement. It's a step-by-step guide for both parties to ensure clarity and understanding throughout the application process.
In the journey towards securing a residence, tenants and landlords navigate through various steps, one significant step being the Reiwa Tenancy Application form. Developed by the Real Estate Institute of Western Australia (REIWA), this document serves as a preliminary stage for individuals looking to enter into a Residential Tenancy Agreement. It is not the agreement itself but a crucial step for potential tenants to express their interest in, and provide their credentials for, a specified property. The form seeks detailed information from applicants including personal details, rental history, employment information, and references, thereby allowing landlords and property managers to assess the suitability of candidates. It outlines the need for information on the intended use of residential tenancy databases, monetary prerequisites such as security and, if applicable, pet bonds, and initial rent payments. Additionally, the form informs applicants about the process following the submission of their application, including the actions to be taken whether their application is successful or not. The Reiwa Tenancy Application form emphasizes the importance of transparency and clarity in the preliminary stages of tenant selection, ensuring that both parties are informed about their rights and responsibilities from the outset. This form, thus, acts as a critical tool in facilitating the matching of landlords with the most suitable tenants, who adhere to payment schedules and maintain the property in good condition, thereby laying the groundwork for a smooth and agreeable landlord-tenant relationship.
application to enter into residential tenancy agreement
APPROVED BY
THE REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA (INC.) COPYRIGHT © REIWA 2013
FOR USE BY REIWA MEMBERS
EXPLANATION FOR APPLICANTS
Only complete this APPLICATION if You are sure that You want to enter into a Residential Tenancy Agreement with the Lessor of the Premises
The Lessor of the Premises is attempting to locate the most suitable tenant; that is a tenant who pays the rent on time and takes good care of the Premises.
To enable the Lessor of the Premises to determine in their opinion, who is the most suitable person, the Lessor's Property Manager requires some background information about You.
The form "APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT" is not the Residential Tenancy Agreement.
The purpose of this form is:
First, to inform the Lessor of Your details, and Your requirements for the Residential Tenancy Agreement; for example, if You wish to have pets at the Premises.
Second, to inform You of the Lessor's or Property Manager's usual use of one or more residential tenancy databases.
Third, to inform You of the money that is required to be paid prior to taking possession of the Premises; for example, the value of the Security Bond (which may be up to 4 weeks rent), the Pet Bond (which can be up to $260) and the initial Rent payment (which can be 2 weeks rent in advance).
Fourth, to make You aware of the terms of the Residential Tenancy Agreement (including special conditions) associated with the Lease if Your Application is accepted.
Summary of what will happen if You apply to enter into a Residential Tenancy Agreement with the Lessor
Your action if You wish to apply for the
1.
Complete this Application.
Residential Tenancy Agreement:
2.
Submit this Application to the Property Manager together with any Option Fee
that may be requested by the Property Manager.
Lessor's action if You do not succeed with
3.
If You are not the successful applicant and have paid an Option Fee, the Option
Your Application:
Fee will be refunded to You within 7 days of the decision.
Lessor's action if You succeed with Your
4.
If You are the successful applicant, the Lessor will provide You with a proposed
Application:
Residential Tenancy Agreement for the Premises which will grant You the option
of entering into a Residential Tenancy Agreement.
What You will then need to do if You are
5.
If You sign the Residential Tenancy Agreement, comply with all the stipulated
the successful Applicant:
requirements for the creation of the Residential Tenancy Agreement set out
in Part C of the document, and the Lessor (or the Property Manager) sign the
document, a binding Residential Teanancy Agreement will exist between You and
the Lessor. In the case of where an Option Fee has been paid there will be no
need for the Lessor (or Property Manager to sign the document for a binding
Residential Tenancy Agreement to exist.
6. If any of the events mentioned in clause 5 of this Summary above do not
occur the ramifications of that are set out below in clause 18 of Part B of this
Application.
FOR:
Premises Address:
FROM:
Proposed Tenants'
Names:
TO: The Property Manager:
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 1 of 9
PART A
(TO BE COMPLETED BY PROPERTY MANAGER)
Premises
Rent
$
per week
Option Fee (if applicable) $
If You are the successful applicant, and wish to enter into a Residential Tenancy Agreement with the Lessor, You will be required to pay the following
money to the Property Manager:
REQUIRED MONEY
(a)
Security bond of
(b) Pet bond (if applicable)
(c) First two weeks rent
(d) Less Option Fee (if paid)
(e)
Total
0
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 2 of 9
PART B
(TO BE COMPLETED BY YOU)
NOTE: This document is not a residential tenancy agreement and does not grant any right to occupy the Premises
INFORMATION FROM "YOU" (the proposed tenant or tenants)
TENANCY DETAILS
You require the tenancy for a period of
months from
to
6.At a rent of $
7.
Total number of persons to occupy the Premises
Adults
Children
Ages
8.
Pets -
Type of Pet
Breed
9.Do You intend applying for a residential tenancy bond from a State Government Department?
Number
Yes
No
Age
If Yes, $
Branch:
10.Bank account details for refund of Option Fee (if applicable) Bank:
Account No.:
BSB:
Account Name:
11.Any Special Conditions requested by You:
NOTE: The Lessor is not obliged to accept any of the Your Special Conditions.
12.The address at which You wish to receive the Residential Tenancy Agreement if You are successful and/or notices relating to tenancy
Email (optional):
Fax (optional):
Postal address (required):
13.You declare that You are not bankrupt and that all of the information supplied in this Application is true and correct and is not misleading in anyway.
14.You acknowledge that, having inspected the Premises, You will accept possession of the Premises in the condition it was in as at the date of inspection.
15.By Signing this application You are making an application to lease the Premises. The Lessor may or may not send You a proposed Residential Tenancy Agreement for the Premises.
16.If You are the successful applicant, the Lessor will send You a proposed Residential Tenancy Agreement for the Premises which will contain information about pre-requisites for the creation of a binding Residential Tenancy Agreement. The Residential Tenancy Agreement will be comprised of
Parts A, B and C. Parts A and B can be viewed on reiwa.com.au. Part C will also include additional terms agreed to by the parties, a draft of which is attached to this Application.
17.If a sum for an Option Fee is stipulated in Part A, you must pay that Option Fee to the Property Manager at the same time you make this application.
The Option Fee must be paid by you by cash or cheque. If You are not the successful applicant and have paid an Option Fee, the Option Fee will be refunded to you by way of an electronic transfer to your bank account details set out in Part B within 7 days of the decision.
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 3 of 9
18.If You are the successful application the Lessor will provide you with a proposed Residential Tenancy Agreement for the Premises which will grant You the option of entering into a Residential Tenancy Agreement:
(a)if You sign the Residential Tenancy Agreement, comply with all the stipulated requirements for the creation of a binding Residential Tenancy Agreement as set out in Part C of the document (eg returning the document to the Property Manager by the stipulated time, paying full stipulated rental and bond); and;
(i)if an Option Fee has been paid THEN a binding Residential Tenancy Agreement will exist between You and the Lessor and any Option Fee will be refunded to You or applied towards the rent; or
(ii)if no Option Fee has been paid and if neither the Lessor nor the Property Manager sign the document THEN no binding Residential Tenancy Agreement will exist between You and the Lessor, and any Option Fee will be refunded to You within 7 days of the decision;
or
(iii)if no Option Fee has been paid and if the Lessor (or the Property Manager) signs the document, THEN a binding Residential Tenancy Agreement will exist between You and the Lessor.
(b)if You do not sign the Residential Tenancy Agreement or if You do not comply with the pre-requisites for the existence of the Residential Tenancy Agreement You will not have entered into a binding Residential Tenancy Agreement, the option for you to enter such an agreement will lapse, and any Option Fee paid by You will be forfeited to the Lessor.
19.YOU MUST UNDERSTAND THAT IF YOU ARE THE SUCCESSFUL APPLICANT AND THE LESSOR PROVIDES YOU WITH A PROPOSED RESIDENTIAL TENANCY AGREEMENT BUT YOU DO NOT COMPLY WITH PRE-REQUISITES FOR THE EXISTENCE OF A BINDING RESIDENTIAL TENANCY AGREEMENT, SET OUT IN PART C OF THE RESIDENTIAL TENANCY AGREEMENT (INCLUDING SIGNING THE RESIDENTIAL TENANCY AGREEMENT, RETURNING IT TO THE PROPERTY MANAGER BY THE STIPULATED TIME, PAY ANY STIPULATED RENTAL IN ADVANCE,SECURITY BOND AND / OR PET BOND) NO RESIDENTIAL TENANCY AGREEMENT WILL COME INTO EXISTENCE AND THE LESSOR MAY ENTER INTO A RESIDENTIAL TENANCY AGREEMENT WITH ANOTHER PERSON.
20.DEFINITIONS
(a)"Act" means the Residential Tenancies Act 1987 including any amendments.
"Application" means this Application to enter into a Residential Tenancy Agreement.
"Business Day" means any day except a Sunday or public holiday in Western Australia. "Lessor" means the person/entity with the authority to lease the Premises.
"Option Fee" means a payment as referred to in section 27(2)(a) of the Act. The amount of the Option Fee is specified in Part A of this application. The amount of the Option Fee is capped as follows:
(i)where the weekly rental under the Residential Tenancy Agreement is $500 or less, an Option Fee of up to $50 is payable;
(ii)where the weekly rental under the Residential Tenancy Agreement exceeds $500, an Option Fee of up to $100 is payable;
(ii)where the Residential Tenancy Agreement is for residential premises south of the 26th parallel of south latitude and the weekly rent is $1,200 or more, an Option Fee of up to $1,200 is payable.
"Premises" means the address specified on the first page of this document. Any items included or excluded will appear in Part A of the proposed Residential Tenancy Agreement.
"Property Manager" means the real estate agent appointed by the Lessor to lease and manage the Premises.
"Residential Tenancy Agreement" means an agreement in writing in the form prescribed by the Act, comprising of Parts A, B and C. Part C will include additional special conditions as agreed between the parties.
"You" or "Your" means the person or persons making the Application to Lease the Premises.
(b)All acts and things that the Lessor is required or empowered to do may be done by the Lessor or their Property Manager.
21.You agree that for the purpose of this Application, the Lessor or Property Manager may make enquiries of the persons given as referees, next of kin or emergency contacts provided by You, and also make enquiries of such other persons or agencies as the Lessor may see fit.
The personal information You give in this Application or collected from other sources is necessary for the Lessor or Property Manager to
verify Your identity, to process and evaluate the Application, to manage the tenancy and to conduct the Property Manager's business. Personal information collected about You in this Application and during the course of the tenancy if the Application is successful may be disclosed for the purpose for which it was collected to other parties including to the Lessor, referees, other Property Managers, prospective lessors, third party operators of residential tenancy databases, and prospective buyers of the Premises. Information already held on residential tenancy databases may also be disclosed to the Property Manager or Lessor.
If You enter into the Residential Tenancy Agreement or You fail to comply with Your obligations under any Residential Tenancy Agreement that fact and other relevant personal information collected about You during the course of this Application (including information provided separately to this application) or the Residential Tenancy Agreement may also be disclosed to the Lessor, third party operators of tenancy reference databases (to the extent permitted by law), other Property Managers, prospective lessors and prospective buyers of the Premises.
If You would like to access the personal information the Lessor or Property Manager holds, You can do so by contacting the Property Manager. See also the attached notice regarding use of residential tenancy databases.
You can also correct this information if it is inaccurate, incomplete or out-of-date. If the information in this Application, is not provided, the Property Manager may not be able to process the Application, or the Residential Tenancy Agreement properly or manage the tenancy properly.
Initials
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 4 of 9
NOTICE OF USE OF ONE OR MORE RESIDENTIAL TENANCY DATABASES
Section 82C - Residential Tenancies Act 1987
1.It is the Property Manager's usual practice to use one or more residential databases for the purpose of checking an applicant's tenancy history.
2.The name of each residential tenancy database the Property Manager or Lessor usually uses, or may use, for deciding whether a residential tenancy agreement should be entered into with a person are set out below:
3.The contact details for the database operator(s) who operates the database(s) used by the PM as referred to above are as follows:
(a)TICA (strike out if inapplicable)
(i)Address: PO Box 120, Concord NSW 2137
(ii)Telephone: 190 222 0346. Calls are charged $5.45 per minute including GST (higher for mobile or pay phones)
(iii)Facsimile: (02) 9743 4844
(iv)Website: www.tica.com.au
(b)National Tenancy Database (strike out if inapplicable)
(i)Address: GPO Box 13294, George Street 120, Brisbane QLD 4003
(ii)Telephone: 1300 563 826
(iii)Facsimile: (07) 3009 0619
(iv)Email: info@ntd.net.au
(v)Website: www.ntd.net.au
(c)Other Databases (if applicable)
(i)
Name:
(ii)
Address:
(iii)
Telephone:
(iv)
Facsimile:
(v)
Email:
(vi)
Website:
4.The applicant may obtain information from the database operator in the following manner:
(a)as to TICA:
(i)Postal and fax application forms can be downloaded from www.tica.com.au . Information regarding applicatino fees can be found on the application form;
(b)as to the National Tenancy Database;
(i)A request for rental history file can be downloaded from www.ntd.net.au . A link to the form can be found under the tab "For Tenants".
(ii)A request for rental history may be submitted by post, fax or email.
(c)
as to
NOTE: This notice is required to be given regardless of whether the Property Manager intends to conduct a search on the particular applicant.
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 5 of 9
YOUR (First Person's) PARTICULARS
Your Name
(SURNAME)
(FIRST NAME)
(MIDDLE NAME)
Present Address
Phone No Work
Mobile
Date of Birth MM/DD/YYYY
Phone No Home
Email
Australian Citizen
DOCUMENTS TO CONFIRM YOUR IDENTITY
Drivers Lic'ence No
State
Passport No
Other ID
Proof of Identification (licence number/bankcard etc)
Vehicle Type & Registration No
Anything else to support Your Application
Smoker
Personal References
a)
NAME
TELEPHONE
b)
Name of current lessor or managing agent to whom rent is paid
Address
Phone No
Rental Paid $
Period Rented From
To
Reason for leaving
Previous address of Applicant
Name of previous lessor or managing agent to whom rent was paid
Occupation:
(Note: Your Employer may be contacted to verify employment)
Employer
Period of Employment
Wage $
If less than 12 months, name and address of previous employer
Explanation if no employment:
(iv) Next of Kin (Note: These people may be contacted to verify particulars)
First Next of Kin
ADDRESS
Second Next of Kin
Emergency Contact (name and address and telephone) [Note: These people may be contacted to verify particulars.]
First Contact
Second Contact
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 6 of 9
YOUR (Second Person's) PARTICULARS
Driver's Licence No
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 7 of 9
YOUR (Third Person's) PARTICULARS
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 28 of 9
By Signing this document You are making an application to enter into a Residential Tenancy Agreement in relation to the Premises. Your Application may or may not be successful.
Your Signature (First Person)
Your Signature (Second Person)
Your Signature (Third Person)
Date
/
COPYRIGHT © REIWA 2013 | FORM 302 APPLICATION TO ENTER INTO RESIDENTIAL TENANCY AGREEMENT | 06/13 | Page 9 of 9
Successfully applying for a rental property requires attention to detail and understanding the steps involved in the application process. By filling out the Reiwa Tenancy Application form accurately and completely, prospective tenants communicate their serious intent and ability to maintain a rental agreement with the lessor. Here's a clear guide on how to complete this form.
After submitting your application, the next steps involve waiting for the Property Manager's review and decision. If you're not selected as the tenant, any option fee paid will be refunded to you within 7 business days. If selected, you’ll receive a proposed Residential Tenancy Agreement, outlining further actions required for finalizing the lease, such as signing the agreement, paying the required rent, and bond in advance. Once these conditions are satisfied, and the agreement is signed by both parties, a binding Residential Tenancy Agreement will be established between you and the lessor.
What is the purpose of the Reiwa Tenancy Application form? The Reiwa Tenancy Application form is used to collect information from prospective tenants to help the lessor or property manager decide who is the most suitable applicant. It gathers details about the applicant's requirements for the tenancy, informs them about the use of tenancy databases, outlines the financial obligations needed before moving in, and explains the terms of the Residential Tenancy Agreement.
Is the application form a Residential Tenancy Agreement? No, the application form is not a Residential Tenancy Agreement. It is a preliminary step for gathering information from the applicant. If the application is successful, the lessor will provide a proposed Residential Tenancy Agreement to the applicant.
What happens if I pay an Option Fee and my application is not successful? If your application is not successful and you have paid an Option Fee, it will be refunded to you within 7 days of the decision.
What happens if my application is successful? If you are the successful applicant, you will be provided with a proposed Residential Tenancy Agreement. To establish a binding tenancy agreement, you must sign the document, comply with all specified requirements, and if applicable, your Option Fee will be refunded or applied towards the rent.
What funds are required if I'm the successful applicant? You are required to pay a security bond, a pet bond (if applicable), and the first two weeks of rent upfront. The total amount will be adjusted if you have paid an Option Fee.
Can I include special conditions in my Tenancy Application? Yes, you may request special conditions in your application. However, it is important to note that the lessor is not obligated to accept these conditions.
What happens if I do not comply with the prerequisites of the Residential Tenancy Agreement? If you do not sign the Residential Tenancy Agreement or meet the required prerequisites, you will not enter into a binding agreement. Consequently, the option to enter such an agreement will lapse, and any Option Fee you paid may be forfeited to the lessor.
Is personal information collected during the application process? Yes, personal information is collected to verify your identity, process and evaluate the application, and manage the tenancy. This information may be shared with relevant parties, including the lessor, referees, and residential tenancy databases, among others.
What is the role of residential tenancy databases in the application process? Residential tenancy databases may be used to check an applicant's tenancy history. This is a common practice intended to help lessors and property managers make informed decisions. Applicants have the right to access their information from the database operator as specified.
Can I access and correct my personal information that is collected during the application process? Yes, you have the right to access the personal information held about you by the lessor or property manager. You can contact the property manager directly to request access or to correct any information that is inaccurate, incomplete, or outdated.
When filling out the Reiwa Tenancy Application form, a common mistake many applicants make is not thoroughly checking the details of the premises and rental conditions listed in Part A, which is completed by the Property Manager. This oversight can lead to misunderstandings about key terms of the lease, such as the rent amount, option fee, and required bonds. Ensuring that these details align with one's expectations is crucial before proceeding with the application.
Another area where applicants often err is in providing inaccurate or incomplete information in Part B, which must be filled out by the applicant. This includes incorrect financial details, incomplete references, or not fully disclosing the intended number of occupants and pets. Such inaccuracies can not only delay the application process but also impact the Lessor's decision on suitability.
Failing to understand the purpose of the option fee and how it is treated if the application is not successful or if the tenancy agreement proceeds is a further mistake. Applicants need to be aware that if they are not successful, the option fee will be refunded within 7 days, but if the application proceeds, it may be applied towards the rent or refunded, depending on the specific terms set by the Property Manager.
Not paying careful attention to the terms regarding the signing and compliance requirements for the Residential Tenancy Agreement as outlined in the summary and clause 18 can also trip up applicants. Misunderstanding the steps needed to create a binding Residential Tenancy Agreement can result in losing the opportunity to secure the tenancy, especially if the option fee has been forfeited due to non-compliance.
A significant mistake is overlooking the detailed explanation regarding the use of residential tenancy databases, as noted on page 5. This notice informs applicants about how their tenancy history may be checked and impacts their application. Being unaware of this process can lead to surprises if an applicant's history includes previous tenancy issues.
Lastly, ignoring the privacy statement and consent section at the end of Part B is a common oversight. This section explains how personal information is used, shared, and stored throughout the application process and tenancy. It's important for applicants to understand these terms, as it involves sensitive personal data and its disclosure under certain conditions.
Alongside the Reiwa Tenancy Application form, several other documents are often required to complete the rental application process. These documents play a crucial role in providing landlords and property managers with the necessary information to assess the suitability of potential tenants. Knowing what these documents are and understanding their purpose can streamline the application process for both applicants and property managers.
Each document complements the Reiwa Tenancy Application form, creating a comprehensive profile of the applicant. By supplying these documents, potential tenants demonstrate their transparency and reliability, potentially making them more appealing candidates to landlords. This assortment of forms and documents ensures a smoother and more efficient leasing process for all parties involved.
Rental Application Form: Like the Reiwa Tenancy Application form, a typical Rental Application Form collects prospective tenant details, rental history, and financial information. It's utilized by landlords or property managers to assess the suitability of tenants, similar to how the Reiwa form gauges appropriateness for prospective tenants, factoring in their ability to pay rent timely and maintain the property well.
Lease Agreement: Although the Reiwa Tenancy Application is not a lease agreement itself, it closely relates to lease agreements. They both involve terms and conditions for renting residential properties. The application is the precursor to a lease agreement, setting the stage for entering into a binding rental contract upon approval.
Credit Check Authorization Form: The Reiwa Tenancy Application form, similar to credit check authorization forms, requires applicants to provide personal and financial information. This is because a property manager might use this information to perform a credit check, ensuring the applicant can afford the rent and has a history of making timely payments.
Pet Application Form: This form is specifically for tenants applying to have pets on the premises. The Reiwa form similarly requests information about pets, which helps the lessor or property manager decide based on the property's pet policy, mirroring how a Pet Application Form works.
Security Deposit Receipt: After a successful application, like the process outlined in the Reiwa form, tenants usually pay a security deposit. A Security Deposit Receipt is then provided, detailing the payment made, similar to how the Reiwa form includes information about the required money for security and pet bonds.
Residential Tenancy Agreement: This legally binding agreement between the lessor and tenant outlines the terms of the tenancy, similar to the outcome Reiwa's application aims for. The application is a step towards creating this agreement, detailing the tenant's obligations and the preliminary details of the lease.
Condition Report: Before entering into a Residential Tenancy Agreement, a condition report is often completed to document the property's state. While the Reiwa form itself is not a condition report, it necessitates acknowledging the property's condition upon inspection, aiming to ensure tenants accept the premises as is.
Guarantor Form: For applicants who may not meet the financial criteria on their own, a guarantor form is used in conjunction with rental applications. Although not explicitly mentioned in the Reiwa form, the concept of providing financial details and assurances parallels the purpose of a guarantor form—to provide security to the landlord regarding rent payments.
Filling out the Reiwa Tenancy Application form is a crucial step in the process of leasing a property. Knowing what to do and what to avoid can streamline your application and increase your chances of success. Here's a helpful guide:
By following these guidelines and preparing your application carefully, you increase your chances of securing the property you desire. Good luck with your tenancy application!
When applying for a rental property, the Reiwa Tenancy Application form is a crucial step in the process. However, there are common misconceptions about this form that can lead to confusion for potential tenants. Understanding these misconceptions can help applicants navigate their rental application more effectively.
Clarifying these misconceptions can help applicants approach the Reiwa Tenancy Application form with a better understanding of the process, responsibilities, and their rights. It's essential to read and comprehend every part of the application and the terms outlined before submission.
Filling out and submitting a Reiwa Tenancy Application form is a significant step towards securing a lease for a property. Understanding the key aspects of this process can ensure that applicants are well-informed and prepared. Here are some essential takeaways:
Finally, it is crucial to understand that failure to sign the Residential Tenancy Agreement or meet its prerequisites means that no binding agreement will come into existence. The option to enter into the agreement will lapse, and any option fee paid could be forfeited to the lessor. Always ensure that you have thoroughly reviewed and understood all parts of the application and subsequent agreement before proceeding.
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