Schedule:

1. AUTHORISED EXPENDITURE:
   1. Urgent repairs to be conducted as per Prescribed Terms, Schedule 1 of the Residential Tenancies ACT 1997;
   2. Maintenance limit - {maintenanceLimit}
2. AUTHORISED DEDUCTIONS:
   1. Management Fee - {managementFee} +GST
   2. Letting Fee - ${lettingFee}
   3. Monthly Admin Fee - $0
   4. Inventory and Condition Report - $0
   5. Advertising - ${marketingCost} +GST
   6. Insurance Claim Fee (one off per claim) - ${insuranceClaim}
   7. Tribunal Representation Fee (one off per claim) - ${tribunalRepresentation}
   8. Tribunal Application - As per Tribunal application fees and charges at the time
3. TERMINATION OF AGREEMENT
   1. This agreement remains active until rescinded by either party. Upon providing 30 days written notice the agent or lessor may terminate this agreement.
   2. Upon receiving written notice of termination, any costs in relation to advertising, or management of property will be deemed due and payable immediately to Infinity Residential.

Provisions:

1. THE AGENT AND THE LESSOR/S AGREE THIS AGREEMENT IS IN EFFECT;
   1. 12 months starting on the date of this agreement; plus
   2. A further term until the end of a fixed term tenancy agreement, if one is entered into in relation to the property during the term referred to in clause 1(a).
2. LESSOR/S AGREES TO;
   1. The lessor agrees to pay to the agent the management fee as specified in item 2(a) of the Schedule, which the agent is entitled to deduct in priority to any other amounts from the rent or any other money received by the agent in relation to the property.
3. AGENT AGREES TO;
   1. Provide monthly statements itemising the amounts deducted from the rent and other money received by the agent in relation to the property aligning with this agreement; and
   2. Remit any funds less disbursements and taxes (including GST as applicable) to the Lessor/s on the last business day of each calendar month (or any other day that the Agent may nominate in writing) during the term.
4. THE AGENT IS AUTHORISED TO ACT FOR AND OR ON BEHALF OF THE LESSOR/S REGARDING THE PROPERTY BY;
   
   1. Obtain references from prospective tenants and arrange inspections of the property for prospective tenants;
   2. Enter into and sign a fixed term tenancy agreement for a term of 12 months (Unless notified by the lessor/s in writing);
   3. Undertake initial viewing and rental appraisal of the property;
   4. Collect all relevant rent payable (including any rent payable in advance) by the tenant to the lessor and remit it the lessor in accordance with clause 3(b);
   5. Advertising the property for lease or re-leasing;
   6. Undertake inspections of the property during any tenancy as the agent believes is reasonably required and in accordance with the Residential Tenancies Act 1997;
   7. Effect repairs to and maintain the property or engage tradespersons to do so in accordance with Clause 6; pay disbursements and expenses on the lessors’ behalf, incurred in connection with the agent’s management of the property, in accordance with Clause 7(2);
   8. Receive, claim and disburse any bond paid in relation to any tenancy of the property (“Bond”), lodge the bond with the office of rental bonds and refund the Bond at the termination of any tenancy;
   9. Serve notices of breach of the tenancy agreement or to terminate the tenancy agreement;
   10. Undertake necessary steps to obtain vacant possession and recover any money owing to the lessor relating the property;
   11. Represent the lessor in any tribunal proceedings in respect of the tenancy of the property subject to any written instructions by the lessor provided that such instructions are lawful and consistent with any codes of conduct;
   12. Review the rent at the end of any tenancy in relation to the property and provide estimates to the lessor of the market rent for the property. If the lessor is unavailable, no written instructions have been issued by the lessor and the agent has made all reasonable attempts to contact the lessor; the lessor gives the Agent permission to carry out a rent review on their behalf. The agent will act in the best interests of the lessor. When conducting a rent review, the agent will consider; similar rental properties on the current rental market, the property’s current rental return and the tenant routine inspection reports. Therefore, any rent increase actioned by the agent may not necessarily reflect the tribunals current rent increase formula.
5. DUTIES OF LESSOR & LESSOR INSURANCE
   
   1. In addition to the prompt payment of money payable to the agent pursuant to this agreement, the lessor agrees to provide the agent with all reasonable forms of assistance that may be necessary to the agent performing their duties pursuant to this agreement, including prompt instructions when they are sought by the Agent.
   2. The lessor acknowledges that we have been advised of the risks associated with owning an investment property and will advise the agent of my lessor’s insurance policy details once a policy is established. The lessor understands that failure to supply a certificate of currency or renewal of insurance policy to infinity Residential; will result in termination of this agreement and infinity residential not be held liable for any damages caused to property whilst no cover.
6. REPAIRS & KEYS
   
   1. The agent may incur expenditure for repairs and maintenance for the property up to the amount specified in item 1 of the Schedule without reference to the lessor except in emergencies when the agent on behalf of the lessor may incur such expenditure as is necessary to protect the property and/or maintain essential services to the property or as required by the Residential Tenancies Act 1997. The agent will obtain the lessor prior approval for any amounts greater than the specified expenditure, except for emergencies.
   2. The agent acknowledges that the lessor can elect to conduct their own repairs if they wish but, if the lessor is unavailable, the agent is entitled to engage a qualified tradesperson of their choice to conduct emergency repairs in accordance with the Residential Tenancies Act 1997.
   3. The lessor understands that before Infinity Residential commences marketing the property the lessor will provide three full sets of tagged keys and remote controls and/or access passes for the above property. If the lessor is unable to provide the agent with 3 sets of keys, the lessor gives the agent authority to arrange three sets of keys for the above property at the lessors cost.
7. DEDUCTIONS
   
   1. The agent is authorised to deduct and pay from any rent or other monies received by the agent regarding the property;
      1. any authorised deductions specified in item 2 of the Schedule;
      2. any statutory charges, body corporate fees or charges of a similar nature payable in respect of the property;
      3. any amounts incurred for repairs and maintenance of the property (in accordance with clause 6);
      4. any Tribunal costs (including penalties); and
      5. any other charges selected for disbursements or maintenance.
   2. If the Agent's expenses incurred in relation to the Property on behalf of the lessor are in excess of the rent or other money received by the Agent in relation to the Property per month, the lessor agrees to pay the excess to the Agent within 7 days of receiving written notification from the Agent of the excess payable.
   3. The lessor will indemnify and keep indemnified the Agent and its employees, agents, successors and assigns against all actions, suits, proceedings, claims, costs, demands and expenses whatsoever which may be made against the Agent in the course of its duties pursuant to this Agreement, provided that such actions, suits, proceedings, claims and expenses do not arise due to any negligent act or omission by the Agent.
8. COMPLIANCE WITH LAWS & PRIVACY
   1. The Agent will comply with the Residential Tenancies Act 1997 and the Agents Act 2003 and all other applicable laws, statues, ordinances and/or regulations in carrying out its duties pursuant to this Agreement.
   2. The lessor agrees to the use and disclosure of personal information collected by the Agent, in accordance with the Agent’s Privacy Policy, Privacy Act 1988.
9. ENERGY EFFICIENCY RATING STATEMENT & SMOKE ALARMS
   1. The lessor will provide the Licensee with the following documents on the date that this Agreement is signed by the lessor - a copy of an energy efficiency rating statement (if any) for the habitable part of the premises on the Property; or a copy of a fresh energy efficiency rating statement for the habitable part of the premises if: building work under the Building Act 2004, section 6 has been carried out on the premises that affects the energy efficiency rating of the habitable part of the premises; and before the building work was carried out, an energy efficiency rating statement had been prepared for the habitable part of the premises.
   2. The lessor understands that the smoke alarms in the property must that comply with the Building Code of Australia (BCA section 3.7.2) must be installed in the premises before a tenancy agreement is entered into.
   3. The lessor understands that the agent and/or tenants are not responsible for maintenance, testing or replacement of batteries.