What is bond? - A security for the landlord if you stop paying rent or damage the property.
How much bond will you pay?
- unfurnished premises – 4 weeks rent
- fully furnished premises (< $250 week) - 6 weeks rent
- fully furnished premises (> $250 week) - unlimited.
What happens to the bond money? You sign a bond lodgment form and the agent or landlord must lodge the money with the Rental Bond Board within 7 days. You will be sent a receipt.
You must pay two weeks’ rent in advance at the start of the lease. Once you have done this you will never be behind if you pay the rent when it is due.
If all is in order you can claim the bond at the end of the tenancy and receive a refund.