Property

Fitzroy & Co., 249 Queens Prade, Fitzroy North

Terms and Conditions

1. Est Resident Services Pty Ltd (ACN 670 713 658) as authorised agent for 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. Storage Cage Incentive promotion (Promotion).

2. The Promotion will run for a limited time. The Promotion commences at 1/10/2024 and ends on 31/03/2025 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 6-month calendar Storage Cage calendar month’s storage licence fee (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 and, at the same time as the Renter enters into an Agreement, the Renter must also enter into a licence agreement (Licence) for the use of the storage cage with a minimum term of [12 months];

b. The Incentive will be provided as a credit on the Renter’s account to reduce any storage licence fee owing under the Licence but will not be applied to any other items on the Renter’s account.

Incentive Distribution:

c. An amount equal to the monthly storage licence fee will be credited to the Renter’s account on or before the 1st of each month until the Incentive has been exhausted.

d. notwithstanding anything in these Terms & Conditions, the Incentive will not be issued to the Renter until a letter setting out the terms and conditions applicable to the Incentive has been signed by both the Renter and the Rental Provider (Incentive Letter) and the term of the Agreement has commenced;

e. if, prior to the 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 (f), the Licence will automatically terminate and the Renter will lose the benefit of any part of the Incentive that remains outstanding; f. 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 equal to or higher than the rent payable under the Agreement, the parties will also enter into a new storage cage licence agreement (New Licence) and the Renter will remain eligible for the balance (if any) of the Incentive, which will continue to be applied monthly as a credit against the fee payable under the New Licence until the Incentive has been exhausted;

g. 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 and/or the Licence or enters into a new residential tenancy agreement with the Rental Provider unless paragraph (f) applies);

h. the benefit of the Incentive is personal to the Renter and cannot be assigned by the Renter in the event that the Agreement and/or the Licence is validly assigned by the Renter;

i. subject to paragraphs (j) and (k), the terms of the Licence prescribing the payment of licence fees during the first 12 months of the initial term of the Agreement are to be read subject to the Incentive Letter;

j. for all other purposes, the terms of the Agreement and the Licence (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 Licence varying the licence fees, regard must only be had to the licence fees payable as specified in the Licence;

k. for the avoidance of doubt, the Promotion does not affect the Renter’s obligation under the Agreement to pay the bond and one month’s rent in advance, and one month’s storage and/or car Parking fees in advance, upon executing the Agreement and any ancillary licence.; 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.