Terms and Conditions

1. Mirvac BTR Sub Company A Pty Ltd ACN 627 445 425 as trustee for the BTR QVM Trust A and Mirvac BTR Sub Company B Pty Ltd ACN 627 445 470 as trustee for the BTR QVM Trust B (Rental Provider) has recently introduced the LIV Munro Rent Free Incentive promotion (Promotion). 

2. The Promotion will run for a limited time and cannot be used in conjunction with any other incentive offers. The Promotion commences at 9am on Tuesday October 29 2024 and ends at 5pm on Tuesday December 31 2024 (Promotion Period). 

3. Under the Promotion, subject to these terms and conditions, the Rental Provider will provide a rent free period of 2 weeks (Incentive) to eligible tenants (Renter) who enter into a residential tenancy agreement at LIV Munro, 101 Therry St, Melbourne VIC 3000 (Agreement) during the Promotion Period. 

4. The following terms and conditions apply to the Promotion. 
a. the term of the Agreement must be at least 12 months; 
b. rent is charged in 28-day cycles and the Incentive will be applied at the start of the 2nd payment cycle (this does not include the initial rent in advance payment). 
c. the Incentive cannot be applied by the Rental Provider until a copy of these terms and conditions has been signed by the Renter (Incentive Letter); 
    i. in order to receive the full benefit of the Incentive, the Renter must sign up for direct debit rental payments and the Rental Provider is entitled to reduce the Incentive by 50% in the event that the Renter has not signed up for direct debit rental payments. 
d. if, prior to expiry of the initial 12 month term, the Agreement comes to an end for any reason other than the reason specified in paragraph (e), the Renter will lose the benefit of any part of the Incentive that remains outstanding; 
e. 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 LIV Indigo, LIV Aston or LIV Munro (New Agreement), and the rent payable under that New Agreement is higher than the rent payable under the Agreement, any part of the Incentive that remains outstanding will be applied to the rent payable under the New Agreement. For the purposes of the Incentive only, the number of payment cycles that have occurred under the Agreement will be deemed to have occurred under the New Agreement; 
f. the Incentive will only apply to the initial 12 month term 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 or enters into a new residential tenancy agreement with the Rental Provider, unless paragraph (e) applies); 
g. the benefit of the Incentive is personal to the Renter and cannot be assigned by the Renter in the event that the Agreement is validly assigned by the Renter; 
h. subject to paragraphs (i) and (j), the terms of the Agreement prescribing the payment of rent during the initial 12 month term are to be read subject to the Incentive Letter; 
i. for all other purposes, the terms of the Agreement (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 Agreement varying the rent, regard must only be had to the rent payable as specified in the Agreement; 
j. for the avoidance of doubt, the Promotion does not affect the Renter's obligation under the Agreement to pay the bond (if applicable) and 4 weeks' Rent in advance upon executing the Agreement; and 
k. 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. 
l. this Promotion applies to new residential tenancy agreements only, and does not apply to existing residential tenancy agreement which are transferred to a new tenant during the Promotion Period.