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What if the tenant-buyer defaults?

defaults tenant-buyer
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What if the tenant-buyer defaults?

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If the rent or the Option Fee instalment is not paid within 14 days of the due date, the tenant will be in default. If the payments have not been brought up to date by the time the next payment is due, the seller may terminate the Deed of Option. The tenancy may be terminated according to the conditions in the Residential Tenancy Agreement.

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