What initial payments are involved in participating in the Assemble Model?
If successful in the ballot, an initial payment of $500 will be required to hold your apartment and guarantee your appointment to sign your documents. The fee will be applied to your bond payment after signing or it will be a non-fundable cancellation and administration fee if you cancel your appointment.
To secure a 5-year lease with the opportunity to buy your home at the end of your lease, you pay a 1-month rental bond upon signing your documentation. Your bond money will not be held by Assemble – it will instead be paid into our nominated trust account before being lodged and held with the Victorian Residential Tenancies Bond Authority (RTBA), just like any other rental bond.