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RESERVATION OF PREMISES
In accordance with Clause 12 of the Residential Tenancies Regulation 1995, it is hereby acknowledged that the taking of a reservation fee equivalent to one weeks rent is subject to the following conditions;
- The premises will not be let during the reservation period of one week pending the making of a Residential Tenancy Agreement.
- If the Landlord decides not to enter into a Residential Tenancy Agreement on the agreed terms for the residential premises concerned during the reservation period, the whole of the fee will be refunded.
- If the entering into of the Residential Tenancy Agreement is conditional upon the Landlord carrying out repairs or other work specified, and the Landlord does not carry out the repairs or other work during the reservation period, the whole fee will be refunded.
- If the prospective tenant decides not to enter into such an agreement and the premises were not let or otherwise occupied during the period they were reserved, the Landlord may retain so much of the fee as is equal to the amount of rent that would have been paid during the period the premises were reserved (based on the proposed rent) but is required to refund the remainder, if any , of the fee.
- If a Residential Tenancy Agreement is entered into, the reservation fee is to be paid towards rent for the premises concerned.
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