A: When your application has been accepted you will be required to pay a deposit which is one week’s rent. The deposit secures the property and prevents the landlord from accepting another tenant. Once you have paid the deposit should you change your mind and not proceed with the lease agreement you will lose the paid deposit to the landlord. This happens because the landlord may have declined other tenants in your favour and may need to re-advertise the property meaning the property remains vacant for longer period than if you were to proceed with the lease agreement. The deposit comes off the total amount payable which is 6 weeks.
Only when your application has been successful you will be asked to pay a deposit into the Fusion Realty Trust Account. The Deposit is one week’s rent and comes off the total amount owing. Once you pay a deposit when your application has been successful if you change your mind you may lose the deposit as we may have turned other applicants away in your favour.
Bank account details are: ‘St George Bank’
Name: ‘Fusion Realty Trust Account’
Account Number: ‘029063689’
Please use your: cell phone number as the reference ~ Thank You.