This Contract is subject to and conditional upon [insert name] as Seller and [insert name] as tenant, entering into an approved general tenancy agreement as prescribed by the Residential Tenancies Authority (“RTA”) as tenants of the Property prior to settlement with the Buyer, as landlord, on the following essential terms:
1. Term: [insert] months
2. Commencement date: Settlement date of the within contract;
3. Rental amount: $[insert] per week payable weekly in advance
4. Bond amount: $[insert] (payable to RTA on or before the commencement date)
5. Agreed early termination notice periods: [insert] weeks notice from both Buyer (as landlord)
and tenant and without penalty in each case.
6. No Entry/Exit Report required
7. List Any special conditions for pets, cleaning etc..