TABLE OF CONTENTS
Special Condition/ Clause to be added to Agreement
The following special condition must be included with a property management agreement when operating under @realty Rentals. It must either be attached to the agreement as a PDF or included as a clause in the agreement.
Text Version to Copy & Paste into the Management Agreement
Special Condition: Holding of Trust Funds by @realty Pty Ltd
Receiving, Holding and Distribution of Trust Funds by @realty Pty Ltd
The parties (Parties) to this Appointment of Agent (Appointment) hereby acknowledge and authorise @realty Pty Ltd (ABN 59 167 076 306), a licensed real estate agency (operating under the Licence number for the State/Territory as applicable in the Schedule below), to receive, hold and distribute trust funds to and from its trust account (Trust Funds) and to conduct services related to such administration, pertaining to the transaction(s) for the property that is the subject of this Appointment (Property).
The Trust Funds, which may include but not be limited to marketing costs, deposits, rental monies, bonds and the like, will be held for the purpose of facilitating the sale or purchase of the Property (as the case may be) and will be released only in accordance with the agreed terms of the Appointment, or upon mutual written agreement of the relevant parties to the applicable real estate transaction.
The Parties also acknowledge and authorise @realty Pty Ltd to manage these Trust Funds in compliance with all relevant legal obligations and applicable legislation. The Parties further acknowledge that @realty Pty Ltd is not acting as a representative for any of the Parties unless otherwise specified.
@realty Pty Ltd Licences
ACT licence number: 18402165
NSW licence number: 10028644
NT licence number: RBL1123
Qld licence number: 3674008
SA licence number: RLA269823
Tas licence number: 490 (P1D1)
Vic licence number: 077641L
WA licence number: RA72676
PDF Version to attach to Management Agreement
You can download a PDF version of the clause through the following link:
https://drive.google.com/file/d/15WGAZkow4I_1rsWcQnDEqXgbNP9QK5g1/view?usp=sharing
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