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Thanks for the response Ozperp - more things to consider. On balance, I still feel it's a positive thing. If, touch wood, the tenant is decent and is paying market rent before I take over the property than that's one less thing I have to worry about.

Hi Andrew, The vendor has asked if she can place a tenant in the property (because the 90 day settlement on a vacant property will chew into her funds). I've said yes. On the condition that the tenant pays at least $250.00 p.w (market rent) and I get to have input into the selection of...

Nope, I've got another PM lined up take over the place once we settle. I've stipulated in the contract that the rent must be at least $250 p.w (which is what I would have aimed for) and that I have input into tennant selection.

Cheers Y-Man, exactly the kind of information I was after.

Hi Finspec, Yep it's an IP. Sunfish, I understand your point. But why would the REA even bother to tell me that the vendor wanted this as a condition on the contract? Jamie

I’ve negotiated a 90 day settlement with the vendor. The vendor has accepted on the condition that she can rent the unit out before settlement. I’ve agreed to this on the condition that the rent is a minimum of $x p.w and that I have input into the selection of a suitable tenant. I think it’s...