Title: Snug Blog
Headings: Complete Guide to Rental Bonds in Australia for Renters
Complete Guide to Rental Bonds in Australia for Renters
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Written By
Prajin

Content: A rental bond is a cash security to protect the owner against damage to the property or other valid amounts owing to the owner by the tenant at the end of the tenancy. When an owner has a claim, this should firstly be resolved directly with the tenant. If there is no claim the tenant should receive a full refund of a rental bond. Typically bonds are managed by the residential tenancy bond authority in each state. No, bonds are not required. However, nearly almost every residential tenancy lease agreement includes the payment of a rental bond. Owners offering short term leases of up to 3 months typically would not lodge a bond, especially if the occupants are from overseas due to the complexity of receiving and returning the funds. There is a limit to the amount of a rental bond that can be requested in most states. Typically this is equivalent to 4 weeks rental. If the weekly rental is above a certain limit eg.