27. Where the Buyer is to lease the property prior to settlement

The Seller and the Buyer agree that the rental to be paid by the Buyer to the Seller from the date of possession until the date of settlement shall be $[1] payable upon completion. The Buyer shall pay a bond equal to four weeks rent prior to completion. The parties agree that the terms of the tenancy shall be those as are contained in the standard RTA Residential Tenancies Agreement a copy of which is annexed hereto and the parties agree to execute the said tenancy agreement contemporaneously with the Buyer obtaining possession of the property.

[1] rent per week
NOTE: A copy of the RTA Residential Tenancies Agreement should be annexed to the Contract and the particulars contained in he tenancy agreement should be completed.