$25,000 Deposit Offer Terms and Conditions
$25,000 Deposit Offer at The Kensington.
Eligibility
The $25,000 Deposit and 90-Day Rescission offer (Offer) applies only to new purchases of residential units at The Kensington, including all SOHO Terrace Apartments and 1 bedroom, 2 bedroom and 3 bedroom apartments, where the contract for sale is exchanged between 6 November 2026 and 31 December 2026 (inclusive), or a later date the vendor agrees in writing.
Deposit
Under the Offer, the purchaser pays a deposit of $25,000 on exchange. The balance of the 10% deposit is payable on or before settlement, or earlier if the contract is terminated.
Settlement
Settlement is due 120 days after the date of exchange, or on an earlier date if the parties agree in writing.
Rescission
The purchaser may rescind the contract by written notice to the vendor, served in accordance with the contract, before 5:00pm on the 90th day after the date of exchange. Time is essential.
If the purchaser rescinds in this way, the vendor will keep $10,000 of the deposit and the remaining $15,000 will be refunded to the purchaser. If the purchaser does not give notice in time, the right to rescind under the Offer lapses.
One offer per purchaser
The Offer is limited to one per purchaser. It cannot be used with any other promotional offer unless the vendor approves in writing.
Changes to the Offer
The vendor may withdraw, extend or amend the Offer at any time without notice, but this won’t affect contracts already exchanged.
Contract for sale
The Offer is subject to the terms of the contract for sale, and the contract prevails if there is any inconsistency.
Independent advice
Purchasers should obtain independent legal and financial advice before entering into a contract.