This is a standard agreement prepared by the REIWA whereby the owner agrees to allow the tenant to occupy the owners property under specified terms and conditions.

the Agreement specifies:

The identity of the tenant, the owner, and the property

The type of tenancy- fixed or periodic

The amount of the rent, and when it will be paid

How many people are permitted to occupy the premises

If pets are permitted

Who is to pay for water consumption

The amount of the security bond

Any special conditions that have been agreed between the owner and the tenant

The Agreement further addresses the rights and obligations of the tenant and the owner.

To be eligible:

At least one of the applicants must be an Australian citizen or have permanent residency in Australia. None of the applicants must have previously owned a home anywhere in Australia. Applicants must occupy the home purchased as their principal place of residence. If an applicant's spouse or de-facto partner has previously owned a home, no grant will be available. Except in the case of legal disability, applicants must be natural persons (that is not a company). Everyone with an interest in the home is considered an applicant.