Federation House,
Melbourne

• To secure a room, you must pay an initial booking deposit made up of four parts:

  1. a refundable bond equal to one month’s rent (subject to no damage or rule breaches),

  2. the first month’s rent,

  3. a non-refundable $350 AUD house entry fee for preparation (valid for one year),

  4. and international bank transfer fees ($15 via Westpac or $25 via NAB/ANZ if applicable; not required for domestic transfers).

• After the initial payment, rent is paid monthly.
  
  

  For calculating the average rent per month:

  • Weekly rent ÷ 7 = daily rent

  • Daily rent × 365 = annual rent

  • Annual rent ÷ 12 = monthly rent
    
    

• The above payment policy is a synopsis of the property’s payment policy. There could be a few changes incorporated from time to time. Hence, we recommend you review the full Accommodation Contract for a comprehensive understanding of their payment policies.

• A notice to vacate is only valid if given 28 days before the contract ends.

• If notice is given later than this, it is treated as an early termination (lease break).

• In a lease break, the tenant must find a replacement tenant.

• The original tenant remains responsible for rent until the replacement tenant has fully:

  • paid the deposit

  • signed the contract

  • moved in

  • submitted the condition report

• The lease is only considered settled once all replacement steps are completed.

• The property is marketed until a deposit is received and receipted.

• If a deposit is received after the property is already booked, it will be reallocated based on availability.

• If no availability remains, the deposit is refunded.
  
  

The above cancellation policy is a synopsis of the property’s cancellation policy. There could be a few changes incorporated from time to time. Hence, we recommend you review the full Accommodation Contract for a comprehensive understanding of their cancellation policies.