Portside Wharf Rental Guarantee Conditions
- 6% rental guarantee is available on select apartments only. Apartment numbers available upon request.
- BRP will provide a rental return guarantee on your apartment of 6% of the Purchase Price of your apartment (‘Guaranteed Rental Return’) for a period of 2 years from settlement of the property (“Rental Guarantee Period”) The purchaser must authorise BRP to appoint a leasing agent to manage the leasing of the property during the Rental Guarantee Period
- The purchaser will receive the greater of the actual rent from the property and the Guaranteed Rental Return during the Rental Guarantee Period. If the actual rent is below the Guaranteed Rental Return at any time during the Rental Guarantee Period, BRP will pay to the purchaser the difference
- This amount will be paid to the purchaser on a quarterly basis in arrears with the first payment to be made 3 months after settlement of the property.
- A clause setting out the terms of the guaranteed rental return is contained within the Contract of Sale. This offer is subject to the terms and conditions in the clause.
- This rental guarantee will immediately terminate if the owner occupies the property at any time during the Rental Guarantee Period
- This rental guarantee is personal to the purchaser and is not transferable. If you sell the apartment during the Rental Guarantee Period, the rental guarantee will cease on settlement of the sale
- Offer valid until 30 October 2011