Dream LOT LANDLORD

PARTNERSHIP AGREEMENT

DREAM LOT PTY LTD (ACN 618 825 237)

A. IMPORTANT NOTICE

We, Dreamlot Pty Ltd (Dream LOT), is a leading property management company with offices in both Australia and China. Dream LOT App is a smart mobile application we developed with artificial intelligence (AI) technologies to facili- tate our clients in managing, renting, leasing, buying, selling of real estate properties.

This is an Agreement under which you agree to become a User / Member of our Dream LOT App. It is made up of this Important Notice, the Details section, the attached Terms and any other document attached to or referred to, including the Dream LOT App & Website Terms and Conditions.

When you sign this Agreement, you are entering into a legally binding contract with us.

This Agreement sets out your rights to use our Services provided through our Dream Lot App & Website and the responsibilities you have to comply with as a User / Member.

The Landlord Partnership Fee (if applicable) is an annual subscription fee payable directly to us for 12 months Landlord Partnership of our Dream LOT App. Landlord Partnership Fee varies for different types of Partnership. The Landlord Partnership Fee has no relevance with your rent or bond, and it will be paid directly to our general business account. The Landlord Partnership Fee is not required by law when you lease or rent a property.

As a landlord, you may choose to sign up with Dream LOT App as a GREEN Landlord Partnership, GOLD Landlord Partnership or BLACK Landlord Partnership as described below. No Partnership Fee applies to GREEN Landlord Partners. If you choose to become a GOLD or BLACK Landlord Partner, you committed to authorise or transfer leasing management authority over at least one or two properties of yours to Dream LOT pursuant to the Terms below. In return, we offer appealing discounts and promotions for our Landlord Partners as set out in the Terms below.

If you are a tenant, signing-up with Dream LOT App as a Tenant User is a pre-condition to rent properties managed by us. However, you may choose to sign up as Dream LOT App General User without renting from us. No Fee applies to Dream LOT Tenant.

You may be entitled to receive LOT Reward Points when you sign up with Dream LOT App, either as a Landlord Partner or as a Tenant or as a General User. Such earned LOT Points may be spent on all Services provided to you via Dream LOT App pursuant to the Terms.

However, no LOT Points earned on Dream LOT App could be withdrawn or redeemed as cash and transferred to your personal bank account.

This Agreement is an ongoing agreement until either we or you terminate it in the way set out in the Terms. You acknowledge that you could only terminate this Agreement by providing written notice of termination of your Landlord Partnership, Tenant Account of Dream LOT App, General User Account of Dream LOT App to us.

This Agreement is subject to a seven-days cooling off period. You may cancel this Agreement within seven (7) days from the Start Date by giving us written notice.

Landlord Partner, Tenants User, General User with Dream LOT App cannot be transferred to others, and your rights and responsibilities, including payment of Landlord Partnership Annual Subscription Fee, cannot be assigned to others.

Words in bold type and capitalised first letters are defined in clause 1 of the attached Terms.

THIS AGREEMENT IS SUBJECT TO A 7 DAYS COOLING OFF PERIOD.

B. DETAILS

Dreamlot Pty Ltd
“we” “us” “our” ACN: 618 825 237 Trading Name: Dream LOT

Address: Ground, 50 Miller Street, North Sydney, NSW, 2060, Australia

Phone: 1800 568 000
Email: service@dreamlot.com

“you” “your” First Name: _________________ Last Name: ___________________
Address: _____________________________ State: ______Post Code: ______
Phone (H): ________________(W): ______________(M):_________________
Gender: ( ) M ( ) F DOB: ___/___/____
Email Address: ____________________
Start Date ______/_______/________
Cooling Off End 7 days after the Start Date (ending at 23:56 on that day)
FeeLandlord Partnership Annual Subscription Fee (GST Applicable on all fees):

  • $0 per annual for GREEN
  • $99 per annual for GOLD
  • $299 per annual for BLACK

Dream LOT Tenant App User Fee:

  • $0

Dream LOT General App User Fee:

  • $0

Signing
[ ] I have read through this Agreement in full and understand my obligations under it.
[ ] By singing here, I agree to be bound by the terms of this Agreement.

Signature: ________________    Date:___/_____/______
Print Name: _______________

C. TERMS

1. Definitions
Agreement: this Agreement as described in the Important Notice.
Details: the part of this Agreement described as “Details”.
Dream LOT: Trading Name as “Dream LOT”. Dreamlot Pty Ltd (ACN 618 825 237) located at: Ground, 50 Miller Street, North Sydney, NSW, 2060, Australia. Dreamlot Melbourne Pty Ltd (ACN 631 178 928).
Dream LOT App & Website Terms and Conditions: the terms and conditions that are referred to in clause 6.
Fees: fees that apply under this Agreement as set out in the Details and referred to in clause 11.
Important Notice: the part of this Agreement described as this.
Landlord Partnership / Membership: a user of Dream LOT App as a Dream LOT Landlord with access to Landlord Services that are referred to in clause 2.2.
LOT Points: points you accrued through using Services on Dream LOT App.
User: A User of Dream LOT App.
Landlord Partnership / Membership Annual Subscription Fee: the Fees you pay to join as a Landlord Partner / Member User of Dream LOT App as referred to under clause 11 and set out in the Details.
Minimum Age: the minimum age to become a Landlord Partner / Member, App User and use the Services referred to in clause 5.
Recommended Rental Price: a price calculated by Dream LOT via using databases provided by CoreLogic (former RP Data) as an indication of average weekly rent price or average selling price of a particular real estate.
Start Date: when this Agreement starts as set out in the Details.
Services: means different services specified for different classes and types of Membership as specified in clause 2 below.
Tenant User: A Tenant User of Dream LOT App as a Dream LOT Tenant with access to Tenant Services that are referred to in clause 2.3
Terms: the part of this Agreement described as the “terms”.

2. Partnership classes, Services and Liabilities

2.1. There shall be two classes of Partnership which you may elect when you join Dream LOT App as a Landlord Partner. Different services are provided to the two Partnership classes as prescribed below.
2.2. Landlord Partnership

(a) You may elect to join Dream LOT App as a landlord and obtain your Landlord Partnership.
(b) There are three types of Landlord Partnership that you are able to choose: GREEN, GOLD and BLACK.
(c) GREEN Landlord Partnership owners are committed to liabilities and are entitled to services as follows:
i. transfer or authorize us exclusive leasing authority over at least one property you own for a minimum term of 12 months, including but not limited to entering into a leasing agreement and an exclusive leasing authority with us;
ii .commit to provide 90 days written notice if you wish to terminate any leasing agreement and any exclusive leasing authority you enter into with us;*
iii. free access to real estate information including short-staying and long-term properties for lease lists and properties for sale lists and reports available on Dream LOT App;
iv. free access to make booking to lease for short-term staying;
v. free access to apply for long-term renting and free access to track progress with the renting application;
vi. free access to make offers online, or make reservations, or send express of interest for properties listed for sale;
vii. free access to register for auction scheduled for properties listed for sale;
viii. free access to upload and post photos, videos to your own account and view other Users’ posts;
ix. free access to message, comment, chat with other Users;
x. free 24 hours 7 days a week access to property management tools;
xi. for your leasing with us, you will enjoy an annual management fee in the sum of 5.5% of the annual rent (Inc. GST) for each property you lease with us;
xii. for your leasing with us, you will enjoy a letting fee calculated as 1.5 weeks’ rent plus GST of the property you lease with us;
xiii. for your leasing with us, you will enjoy free photograph, tenant record check, tenancy agreement preparation, 2 annual inspections, annual report preparation, renewal of contract, and monthly administration regarding the
property you lease with us;
xiv. for your leasing with us, you will enjoy advertising of your property at a price of $220 per each advertising;
xv. for your leasing with us, you may choose us to act on your behalf in dealing with rental disputes in NSW Civil and Administrative Tribunal (NCAT) OR Victorian Civil and Administrative Tribunal (VCAT) at a rate of AUD $50.00
per hour plus GST.
(d) GOLD Landlord Partnership owners are committed to liabilities and are entitled to services as follows:
i. transfer or authorize us exclusive leasing authority over at least one property you own for a minimum term of 24 months, including but not limited to entering into a leasing agreement and an exclusive leasing authority with us;
ii. enjoy 90 days period during which you may terminate your leasing agreement, exclusive leasing authority and/or GOLD Landlord Partnership with us with no additional charges, fees or costs;*
iii. free access to real estate information including short-staying and long-term properties for lease lists and properties for sale lists and reports available on Dream LOT App;
iv. free access to make booking to lease for short-term staying;
v. free access to apply for long-term renting and free access to track progress with the renting application;
vi. free access to make offers online, or make reservations, or send express of interest for properties listed for sale;
vii. free access to register for auction scheduled for properties listed for sale;
viii. free access to upload and post photos, videos to your own account and view other Users’ posts;
ix. free access to message, comment, chat with other Users;
x. free 24 hours 7 days a week access to property management tools plus live chat with AI services and live chat with our customer service team;
xi. free access to information about our partners events;
xii. for your leasing with us, you will enjoy an annual management fee in the sum of 4.4% of the annual rent (Inc. GST) for each property you lease with us and an annual management fee in the sum of 2.2% of the annual rent (Inc.
GST) for the first 12 months for each property you lease with us;
xiii. for your leasing with us, you will enjoy a letting fee calculated as 1.5 weeks’ rent plus GST of the property you lease with us;
xiv. for your leasing with us, you will enjoy our 8 weeks’ rent-out guarantee where we will pay you a weekly sum calculated as 80% of the Recommended Rental Price of your property starting at the 9th week from the date that we
start to advertise your property in case that the property is still not leased out by then. However, this Service is conditioned upon your agreement to rent at our Recommended Rental Price and your consent to adopt our advertis- ing campaign strategies, and our payment of such weekly sum shall cease when the property is leased out;
xv. for your leasing with us, you will enjoy free photograph, tenant record check, tenancy agreement preparation, 2 annual inspections, annual report preparation, renewal of contract, and monthly administration regarding the property you lease with us;
xvi. for your leasing with us, you will enjoy one free advertising per annual and a price of $220 per advertising for any additional advertisement;
xvii. for your leasing with us, you may choose us to act on your behalf in dealing with rental disputes in NSW Civil and Administrative Tribunal (NCAT) OR Victorian Civil and Administrative Tribunal (VCAT) at a rate of AUD $50.00
per hour plus GST.
(e) BLACK Landlord Partnership owners are committed to liabilities and are entitled to services as follows:
i. transfer or authorize us exclusive leasing authority over at least two properties you own and for a minimum term of 24 months for each of your property, including but not limited to entering into a leasing agreement and an exclu- sive leasing authority with us;
ii. enjoy 90 days period during which you may terminate your leasing agreement, exclusive leasing authority and/or BLACK Landlord Partnership with us with no additional charges, fees or costs;*
iii. free access to real estate information including short-staying and long-term properties for lease lists and properties for sale lists and reports available on Dream LOT App;
iv. free access to make booking to lease for short-term staying;
v. free access to apply for long-term renting and free access to track progress with the renting application;
vi. free access to make offers online, or make reservations, or send express of interest for properties listed for sale;
vii. free access to register for auction scheduled for properties listed for sale;
viii. free access to upload and post photos, videos to your own account and view other Users’ posts;
ix. free access to message, comment, chat with other Users;
x. free 24 hours 7 days a week access to property management tools plus live chat with AI services and live chat with our customer service team;
xi. free access to information about our partners events;
xii. free access to information about our exclusive partners events;
xiii. free financial year tax return services on Investment Properties which are under Dream LOT’s Property Management when you select Dream LOT recommended Accountant Services;
xiv. free one set of CoreLogic reports of your properties you are leasing with us per annum;
xv. for your leasing with us, you will enjoy an annual management fee in the sum of 4.4% of the annual rent (Inc. GST) for each property you lease with us and an annual management fee in the sum of 2.2% of the annual rent (Inc.
GST) for the first 12 months for each property you lease with us;
xvi. for your leasing with us, you will enjoy a letting fee calculated as 1 weeks’ rent plus GST of the property you lease with us;
xii. for your leasing with us, you will enjoy our 6 weeks’ rent-out guarantee where we will pay you a weekly sum calculated as 80% of the Recommended Rental Price of your property starting at the 7th week from the date that we
start to advertise your property in case that the property is still not leased out by then. However, this Service is conditioned upon your agreement to rent at our Recommended Rental Price and your consent to adopt our advertising campaign strategies, and our payment of such weekly sum shall cease when the property is leased out;
xviii. for your leasing with us, you will enjoy free advertising, professional photograph, tenant record check, tenancy agreement preparation, 4 annual inspections, annual report preparation, renewal of contract, and monthly adminis- tration regarding the property you lease with us;
xix. for your leasing with us, you may choose us to act on your behalf in dealing with rental disputes in NSW Civil and Administrative Tribunal (NCAT) OR Victorian Civil and Administrative Tribunal (VCAT) at a rate of AUD $50.00 per hour plus GST.

2.3. Tenant

(a) You may elect to join Dream LOT App as a tenant and obtain your Tenant User Access.
(b) Tenant User is entitled to access to services as follows:
i. free access to real estate information including short-staying and long-term properties for lease lists and properties for sale lists and reports available on Dream LOT App;
ii. free access to make booking to lease for short-term staying;
iii. free access to apply for long-term renting and free access to track progress with the renting application;
iv. free access to make offers online, or make reservations, or send express of interest for properties listed for sale;
v. free access to register for auction scheduled for properties listed for sale;
vi. free access to upload and post photos, videos to your own account and view other Users’ posts;
vii. free access to message, comment, chat with other Users;
viii. free 24 hours 7 days a week access to property management tools, including live chat with AI services and live chat with our customer service team;
ix. free access to information about our member events;
x. if you are renting a property through Dream LOT, you will have free access to key contacts regarding your renting;
xi. if you are renting a property through Dream LOT and a Tenant User, you will have free access to property report and inspection reports regarding the renting property;
xii. if you are renting a property through Dream LOT and a Tenant User, you will be able to redeem and use LOT Points for partial payment of rent or bills. However, we may from time to time change (at our reasonable direction)
how LOT Points are to be redeemed and used for payment of our Services through Dream LOT App.

2.4. Upon joining User of Dream Lot App, each User may be entitled to receive LOT Points in their account.
2.5. LOT Points could only be redeemed and used to pay for Services on Dream LOT App. No User, either Landlord or Tenant or General Users, is entitled to redeem LOT Points in cash and transferred to their personal bank account, even upon terminating or cancellation of their Partnership or Tenant User or General User Access.

3. Joining and Access

3.1. When you join Dream LOT App as a User, you will need to give us information noted in the Details and provide us with photographic identification.
3.2. On joining and paying Landlord Partnership Fee, we will give you an account and temporary log-in password, which you may amend later, that will let you access and use our Dream LOT App and Services provided on the Dream LOT App.

4. Cooling Off
4.1. If you change your mind after joining, you have seven (7) days to cool off or cancel your Landlord Partnership or Tenant User or General User Access starting on the Start Date.
4.2. If you elect to cancel your Landlord Partnership or Tenant User or General User Access under clause 4.1, we will not charge any fees and any Landlord Partnership Fee paid already will be refunded.

5. Minimum age

5.1. You must be at least 18 years old to become a User.
5.2. Your Partnership or Tenant User or General User Access may be immediately cancelled if it came to our notice that you break clause 5.1 and any Landlord Partnership Fee paid already will not be refunded.

6. Dream LOT App & Website Terms and Conditions

6.1. Dream LOT App & Website Terms and Conditions applies to everyone using the Dream LOT App. They can be found at http://www.dreamlot.com/app-and-website-terms/
6.2. Dream LOT App & Website Terms and Conditions form part of this Agreement. You must make sure you read, understand and follow them at all times.
6.3. If you break any of the Dream LOT App & Website Terms and Conditions, we will respond in a way we consider fair and appropriate. For example, in less serious case, we may give you a warning but in serious cases or where you have repeatedly broken Dream LOT App & Website Terms and Conditions, we may suspend, or cancel your Landlord Partnership, Tenant User, General User Access. If your breach causes us or another person costs, loss or damages, you agree to pay for these.

7. Privacy

7.1. Your personal information
From when you apply for Landlord Partnership or Tenant User or General User Access, you will need to provide us with, and we will have access to personal information about you, including information relating to your occupation and finances. Your personal information may be:

(a) transferred to and stored in our local offices, even out of Australia, including a country that does not have the same level of privacy protection as Australia; and
(b) disclosed to and used by our local offices, including our overseas local office, for the purpose of allowing you access to Dream LOT App and providing services to you (for example so that we can inform you whether there are properties suitable to you while you are overseas).

7.2. General Consent
By signing this Agreement, you consent to us collecting, using, disclosing and dealing with your personal information in accordance with our privacy policy, in particular, you consent to the transfer and storage of your personal informa- tion outside Australia, and to the disclosure and sue of your personal information to our local offices inside and outside Australia. You can access our privacy policy at http://www.dreamlot.com/privacy-statement/.
7.3. Up to date contact information
You should tell us promptly if you change your contact or if there is a change to other relevant personal information.
7.4. Consent to use your image
You understand that photos, films, videos, or audio recordings are sometimes taken of Users for promotional purposes. Your permission will first be obtained if this is done, by signing this Agreement, you agree to allow your image, re- cording or likeness to be used for any legitimate purpose by us and you sign your rights in any of these materials to us.

8. Transfer

8.1. You must not transfer your Landlord Partnership or Tenant User or General User Access to a third party.
8.2. Your account and passport details of Dream LOT App shall not be disclosed to any third party without prior written consent from us.
8.3. If it comes to our knowledge that you break clause 8.2, we will respond in a way we consider fair and appropriate. For example, in less serious case, we may give you a warning but in serious cases or where you have repeatedly bro- ken clause 8.2, we may suspend, or cancel your Landlord Partnership, Tenant User, General User Access.

9. When you can end this Agreement

9.1. If you need to cancel this Agreement within the seven (7) days cooling-off period, you need to give us notice in writing in person, by email or post;
9.2. If you need to cancel this Agreement after the seven (7) days cooling-off period has expired, you need to give us notice in writing in person, by email or post, we will need at least 7 business days to complete the termination process;
9.3. If would be useful (but not required) if you complete nay standard documentation, we may have such as a cancellation form and provide your User number (if you know it);
9.4. If you do not use our standard documentation, your notice must include your name, address, phone, email, ID details and signature.
9.5. If you cancel your Membership under clause 9.2, Landlord Partnership Fee paid already may not be refundable as detailed in clause 11.5 below.

10. When we can end this Agreement
10.1. In addition to our other rights under this Agreement, we may cancel your Landlord Partnership or Tenant User or General User Access if you breach any obligation under this Agreement that cannot be fixed or if you breach an obligation that can be fixed but you do not fix it in a reasonable time.
10.2. If we cancel your Landlord Partnership or Tenant User or General User Access under clause 10.1, your Landlord Partnership Fees paid already will not be refunded. We may also charge a Cancellation Fee and recover costs, loss or damages caused by your breach.

11. Fees
11.1. The Fees you have to pay are set out in the Details. Some rights and obligations that apply in relation to particular Fees are set out in this clause.
11.2. If you do not make any payment when it is due, your Landlord Partnership may be suspended, and you could be refused access to Dream LOT App and to Services until all outstanding amounts have been paid.
11.3. Your Landlord Partnership may also be terminated if any Fees remain unpaid for an extended period. you will still be liable for all unpaid amounts. A Cancellation Fee may also apply.
11.4. Membership Joining Fee

(a) If you are singing up as a Tenant User, you do not need to pay Any Fee;
(b) If you are singing up as a GREEN Landlord Partner, you do not need to pay Any Fee;
(c) If you are singing up as a GOLD Landlord Partner, you must pay us Annual Subscription Fee in the sum of AUD $99.00 plus GST directly to our business account, and payment of such sum shall not, and will not be regarded as
payment of rent or bond to us.
If you are singing up as a BLACK Landlord Partner, you must pay us Annual Subscription Fee in the sum of AUD $299.00 plus GST directly to our business account, and payment of such sum shall not, and will not be regarded as payment of rent or bond to us.

11.5. Refund of Landlord Partnership Fee on Termination

(a) If you have signed up as a GOLD Landlord Partner and have paid us Annual Subscription Fee is the sum of AUD $99.00 plus GST, such AUD $99.00 plus GST will only be refundable on the condition that you have effectively ter- minate your partnership within 90 days from the date that you sign the exclusive leasing authority (authorities) with us and your property/properties is/are under Dream LOT Property Management Services.*
(b) If you have signed up as a BLACK Landlord Partner and have paid us Annual Subscription Fee is the sum of AUD $299.00 plus GST, such AUD $299.00 plus GST will only be refundable on the condition that you have effectively terminate your partnership within 90 days from the date that you sign exclusive leasing authority (authorities) with us and your property/properties is/are under Dream LOT Property Management Services.*

11.6. If you do not pay a Fee or other amount you owe when due, we can suspend your Partnership until all amounts have been paid. This is in addition to our other rights under this Agreement, including those under Clause 10.1 (our right to end agreement)
11.7. We can deduct all Fees and charges that you must pay under this Agreement from any refund we give you.

12. Changes to your Agreement
12.1. We may sometimes make changes to this Agreement, including Dream LOT App & Website Terms and Conditions and our Privacy Statement. If we do this, we will try to do this fairly and by giving you a chance to cancel your Landlord Partnership or Tenant User or General User Access if you are adversely affected by the change and do not agree to it.
12.2. We will make reasonable efforts to tell you of any change in advance and when it will take effect. Subject to other Terms, the effective date will generally be at least 30 days from the date we tell you about the change unless it is not practical for us to tell you at this time. Your Landlord Partnership or Tenant User or General User Access will be amended from the effective date.

13. Our Liability to you
13.1. Under the Australian Consumer Law, we guarantee that the Services we supply:

(a) are provided with due care and skill;
(b) are reasonably fit for any purpose you have told us you are using the Services for or told us you wish to achieve; and/or
(c) are supplied in a reasonable time.

14. Complaints and Feedback
14.1. If you have any concerns about Services we provided through Dream LOT App or anything else in relation to your Membership, you should raise it with us through contacts provided in Dream LOT App.
14.2. If you are uncomfortable about approaching, or do not wish to approach our staff via contacts provided in Dream LOT App, or are not happy with the response given, you may send a complaint to us at http://www.dreamlot.com/
privacy-statement/

15. Severability
If a court decides that any part of this Agreement is or becomes illegal, void or unenforceable, that part is deleted, and this does not invalidate the rest of this Agreement.

16. Waiver
If we do not enforce our rights under this Agreement at any time, it does not mean that we may not do so in the future.

17. Entire agreement
You agree that we have not made any representation or promises that you have relied that are not in this Agreement.

18. Applicable Law
The law of the state/territory set our in the Details applies to this Agreement.

——————————————–
*2.2 (c) (i) Please refer to the terms of the relevant leasing agreement and exclusive leasing agreement for more detailed information.
*2.2 (d) (i) Please refer to the terms of the relevant leasing agreement and exclusive leasing agreement for more detailed information.
*11.5 (a) You may be liable to pay other costs or fees under your relevant exclusive leasing authority (authorities). Please refer to such documents for more detailed information.
*11.5 (b) You may be liable to pay other costs or fees under your relevant exclusive leasing authority (authorities). Please refer to such documents for more detailed information.