# SRO APPROVAL APPLICATION - SHARED EQUITY SCHEME
## 69 Carr Street, Geelong VIC 3220

**TO:** State Revenue Office (Victorian Homebuyer Fund Administrator)
**FROM:** [Your Name]
**DATE:** [Today's Date]
**RE:** Approval Request for Short-Term Furnished Rental

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## 1. PROPERTY DETAILS

**Property Address:** 69 Carr Street, Geelong VIC 3220

**Property Type:** 2-Bedroom, 1-Bathroom House

**Land Area:** Approximately 386m²

**Building Area:** Approximately 130m² (main house only)

**Scheme Reference:** [Your Victorian Homebuyer Fund Reference Number - from original loan documents]

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## 2. RENTAL PROPOSAL

**Rental Type:** Furnished residential lease - short-term

**Lease Duration:** 6 months fixed-term

**Proposed Rental Rate:** $632 per week ($2,740 per month)

**Proposed Start Date:** [DD/MM/YYYY]

**Proposed End Date:** [DD/MM/YYYY]

**Tenant Status:** [Name and contact details - TBD when tenant secured]

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## 3. FURNISHED PROPERTY DECLARATION

**The property will be provided furnished with the following included:**

- Two bedrooms (beds, wardrobes, bedding)
- Lounge area (sofa/lounge suite)
- Dining furniture
- Kitchen equipment (stove, fridge, microwave)
- Bathroom fixtures and fittings
- Laundry appliances
- Soft furnishings (curtains, rugs, etc.)

**Furniture Condition:** [Good/Excellent - to be confirmed]

**Furniture Schedule:** Complete itemized inventory with condition photos attached (Schedule B)

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## 4. PARTIAL PROPERTY ACCESS & DEMARCATION

**KEY POINT:** This is NOT a full-property rental. The Tenant has access to the main house only.

**Tenant-Included Areas:**
- Main house: 2 bedrooms, lounge, dining, kitchen, bathroom, laundry, entry
- Front garden and driveway approach
- Approximate area: 130m² internal + front garden

**Landlord-Retained Areas:**
- Garage (7.2m x 2.8m) - LEFT SIDE
- Rear property beyond demarcation line
- Rear lane access
- Storage/utility areas

**Demarcation Method:**
- Physical boundary line clearly marked on property (fence/gate/painted line)
- Floor plan with highlighted demarcation provided to Tenant
- Photographic evidence documented
- Lease Schedule A contains full demarcation terms and restrictions

**Why This Structure:**
- Allows me to retain rear property for potential future use or expansion
- Reduces Tenant maintenance obligations (no rear garden or garage responsibility)
- Creates clear separation of assets and access
- Justifies furnished premium and all-inclusive utilities pricing

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## 5. UTILITIES & OUTGOINGS

**Utilities Included in Rent (Landlord-Paid):**
- ✓ Electricity (avg. $XXX/quarter - based on actual billing history)
- ✓ Gas (avg. $XXX/quarter - based on actual billing history)
- ✓ Water (avg. $272/quarter - based on actual billing history: $3,268/year)
- ✓ Internet (NBCO or similar - estimated $XX/month)

**Total Estimated Utility Cost to Landlord:** ~$4,200-4,500 per year

**Tenant Obligations:** None - all utilities included in weekly rent of $632

**Landlord Obligations:** Maintain all utility accounts and ensure continuous service

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## 6. PRICING JUSTIFICATION

**Market Research (Unfurnished Long-Term):**
- Domain.com.au: $480/week ($2,087/month)
- Realestate.com.au: $455/week ($1,979/month)
- Average market rate: $467.50/week (~$2,033/month)

**Pricing Adjustments for Your Furnished Rental:**
- Base market rate: $467.50/week
- Furnished premium (+18%): +$84/week
- All utilities included (+$50/week estimated): +$50/week
- 6-month lease adjustment (+10%): +$47/week
- Partial property access (-7%): -$33/week
- **Total: $632/week ($2,740/month)**

**Rationale:**
- Furnished rentals command premium in Geelong market
- All-inclusive utilities (water, electricity, gas, internet) is significant value-add
- Short 6-month lease justifies slightly higher weekly rate (less turnover cost savings)
- Partial property demarcation reduces Tenant's maintenance burden (lowers risk profile)

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## 7. SCHEME COMPLIANCE STATEMENT

**I confirm that:**

1. ☑ This property was purchased under the Victorian Victorian Homebuyer Fund
2. ☑ I understand the Scheme has restrictions on rental without approval
3. ☑ This is a temporary short-term rental (6 months), not conversion to investment property
4. ☑ I intend to retain the property for personal use or future use after this lease expires
5. ☑ I have not breached any Scheme conditions to date
6. ☑ I am seeking written approval before signing any rental agreement
7. ☑ I understand breach of Scheme conditions could result in clawback or forced sale
8. ☑ All information provided is accurate and complete

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## 8. DOCUMENTATION PROVIDED

**Attached to this application:**

1. **Schedule A:** Property Demarcation with floor plan and boundary photos
2. **Schedule B:** Furniture Inventory with condition descriptions
3. **Schedule D:** Utilities Schedule with water bill history (12 months)
4. **Proposed Residential Tenancy Agreement:** Victorian RTA template with custom schedules
5. **Move-In Inspection Checklist:** Detailed condition documentation
6. **Identity Verification:** [Driver's license/ID copy - TBD]
7. **Proof of Ownership:** [Title/loan documents - TBD]
8. **Scheme Reference:** [Original Scheme approval letter - TBD]

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## 9. TENANT SCREENING STANDARDS

**Proposed Tenant Screening:**

- Income verification: Minimum 25x weekly rent ($15,800+ income)
- Reference checks: Minimum 2 previous landlord references
- Employment verification: Stable employment or secure income source
- Credit check: No adverse credit history
- Criminal history: Clear national police check
- Bond: $2,528 (4 weeks' rent) held with RTA

**Protective Measures:**
- Move-in and move-out inspections with detailed photos
- Monthly rent payment via bank transfer (traceable)
- Regular property inspections (maximum 4 per year as per Victorian law)
- Professional communication via email with read receipts

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## 10. LANDLORD EXPERIENCE & RISK MITIGATION

**Relevant Experience:**
- Current Airbnb/short-stay host at this property (proven property management)
- Understanding of property maintenance and tenant relations
- Experience with furnished properties and guest management
- Familiarity with local area and tenant market (Geelong)

**Risk Mitigation:**
- Professional rental agreement with clear demarcation terms
- Bond held with RTA (not retained personally)
- Property inspections at agreed intervals
- Comprehensive insurance coverage (landlord policy)
- Clear dispute resolution process via Victorian VCAT if needed
- Strict tenant screening to minimize risk

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## 11. REASONS FOR RENTAL REQUEST

**Why I'm Renting:**

[CHOOSE ONE OR ADAPT TO YOUR SITUATION:]

Option A: "I am temporarily relocating for work/family reasons. I wish to retain ownership of my home but generate income from the property during this period. After 6 months, I plan to return to the property for personal use."

Option B: "I am building equity while the property appreciates. This short-term rental generates income to offset my mortgage and maintain the property. It is not a permanent investment conversion."

Option C: "I have temporarily relocated and wish to cover ongoing costs (mortgage, utilities, maintenance) while I maintain ownership and future occupation plans."

**I confirm this is a temporary rental arrangement, not a permanent conversion to investment property.**

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## 12. DECLARATION & SIGNATURE

I declare that:

1. I am the registered owner of 69 Carr Street, Geelong VIC 3220
2. The property is owned under the Victorian Victorian Homebuyer Fund [Scheme Name]
3. All information provided in this application is true and accurate
4. I understand the Scheme's conditions regarding rental
5. I will comply with all Victorian Residential Tenancies Act requirements
6. I will maintain the property in good condition and habitability
7. I will lodge any bond with the RTA within 10 business days
8. I understand breach of this approval could result in clawback or forced sale

**Signature:** ________________________     **Date:** ________________________

**Print Name:** ________________________

**Contact Phone:** ________________________

**Email:** ________________________

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## 13. NEXT STEPS AFTER APPROVAL

Once SRO provides written approval, I will:

1. ✓ Sign Victorian RTA residential tenancy agreement with approved Tenant
2. ✓ Provide copy to Tenant and SRO within 10 days
3. ✓ Lodge bond with RTA within 10 business days (prescribed form)
4. ✓ Prepare Statement of Circumstances with Tenant
5. ✓ Conduct move-in inspection with photos
6. ✓ Maintain property to required standard
7. ✓ Provide copies of all documents to SRO upon request
8. ✓ Notify SRO of lease termination and property return to personal use

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## 14. CONTACT DETAILS

**Please direct correspondence to:**

Name: [Your Name]

Address: 69 Carr Street, Geelong VIC 3220

Phone: [Your Phone]

Email: [Your Email]

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**APPLICATION SUBMISSION:**

[ ] Print and post to: State Revenue Office, GPO Box 1641, Melbourne VIC 3001
[ ] Email to: [SRO email address - confirm current address]
[ ] Phone: 13 21 61

**Expected Response Time:** 10-15 business days

**Approval Status:** [To be updated once response received]

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**DOCUMENT CONTROL:**

Prepared: [Today's Date]
Version: 1.0
Property: 69 Carr Street, Geelong VIC 3220
Scheme: Victorian Victorian Homebuyer Fund