1 months free rent terms & conditions

Terms and Conditions

1. 249 Queens Parade Prop Co Pty Ltd (ACN 651 215 333) in its capacity as trustee of the 249 Queens Parade Property Trust (Rental Provider) has recently introduced the Fitzroy & Co. Rent Free Incentive promotion (Promotion).

2. The Promotion will run for a limited time. The Promotion commences at 1/04/2024 and ends on 31/04/2025 or such earlier date as is determined by the Rental provider (Promotion Period).

3. Under the Promotion, subject to these terms and conditions, the Rental Provider may, in its absolute discretion, provide an incentive valued at 1-month calendar rent calendar rent (Incentive) to eligible tenants (Renter) who enter into a residential tenancy agreement at Fitzroy & Co., 249 Queens Parade, Fitzroy North, VIC, 3068 (Agreement) during the Promotion Period.

The following terms and conditions apply to the Promotion.

a. the term of the Agreement must be at least 12 months;

b. The incentive will be provided as a rent credit on your account

Incentive Distribution:

Option 1: For incentives valued at $1000 or less, the full amount will be issued within the first week of the renter’s move-in date.
Option 2: For incentives exceeding $1000, the amount will be distributed in two parts: the first portion will be issued within the first week of move-in, and the second will be provided during the 26th week of the 12-month tenancy.
the Incentive cannot be utilised by the Renter until an agreement setting out the terms and conditions has been signed by both the Renter and the Rental Provider (Incentive Letter) and the renter has commenced their tenancy;
if, prior to expiry of the first 12 months of the term, the Agreement comes to an end for any reason other than the reason specified in paragraph (e), the Renter will lose the benefit of any part of the Incentive that remains outstanding;
if the Agreement comes to an end due to the Renter and the Rental Provider entering into a new residential tenancy agreement in respect of another apartment at Fitzroy & Co. (New Agreement), and the rent payable under that New Agreement is higher than the rent payable under the Agreement, any part of the Incentive that remains outstanding will be applied to the rent payable under the New Agreement. For the purposes of the Incentive only, the number of payment cycles that have occurred under the Agreement will be deemed to have occurred under the New Agreement;
the Incentive will only apply to the first 12 months of the initial term of the Agreement and will not be available to the Renter in any other circumstances (including in the event the Renter is holding over or in the event the Renter renews the Agreement or enters into a new residential tenancy agreement with the Rental Provider, unless paragraph (e) applies);
the benefit of the Incentive is personal to the Renter and cannot be assigned by the Renter in the event that the Agreement is validly assigned by the Renter;
subject to paragraphs (i) and (j), the terms of the Agreement prescribing the payment of rent during the first 12 months of the initial term of the Agreement are to be read subject to the Incentive Letter;
for all other purposes, the terms of the Agreement (including all other Renter obligations to pay other money) will apply and the Incentive Letter must be disregarded. In particular, when construing any provision in the Agreement varying the rent, regard must only be had to the rent payable as specified in the Agreement;
for the avoidance of doubt, the Promotion does not affect the Renter’s obligation under the Agreement to pay the bond and one months rent’ Rent in advance upon executing the Agreement; and
prior to a Renter’s entry into the Incentive Letter, the Rental Provider may, acting reasonably, cancel, terminate, modify, extend or suspend the Promotion at any time without notice.
This offer cannot be used in conjunction with any other offer, promotion, or discount.