Its very normal.

1) Contractor to give price of reno (expect this figure to be marked up significantly) then offer a discount on reno, for; No one does this for free, so check market price for what you are getting. If the contractor say free, then no worries.

2) free use of space for a set number of months as per tenure agreement

3) usually rent will not be provided

4) be specific what will be left behind after tenure period, and if the Contractor will make good any damages or defects that will undoubtedly happen over the period of tenure. (ie, if you have timber floor, if it get scratched up, will they replace or refinish?)


Up to you to decide if the "discounted" renovation cost is worth the X amount of months.

(seriously, you will still have to reno a bit before you can rent your unit out)