Hey Guys, Bought an OTP a few years back. It is finally approaching settlement. To receive the rental guarantee from the vendor I had to use the vendors chosen management agent for the first 12 months. I've got no problems with this. So - The agent has found me a tenant already (great) and the tenant is scheduled to move in this weekend. The problem is that settlement has not yet even been called for yet. When I queried this I was advised that the vendor would rent out the apartment until settlement took place and the tenancy agreement would simply be transferred to me on settlement. Again, I really don't have any concerns with this but would like to understand if this is a common thing to occur and anything I may need to be concerned about here? What really concerns me is that the mgmt agent has asked me to ensure that my landlord insurance is in place from the date that the tenancy agreement between the vendor and tenant starts so I'm effectively putting insurance in place and incurring those costs even though I haven't settled yet. This concerns me a little and would appreciate any info\direction\experience people have on this scenario. Thank you!