Title: What is a bond and how much can be charged? | Department of Mines, Industry Regulation and Safety
Headings: What is a bond and how much can be charged?
What is a bond and how much can be charged?
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Content: What is a bond and how much can be charged? | Department of Mines, Industry Regulation and Safety







































What is a bond and how much can be charged? This page is for: Caravan / residential park operator Home buyer / owner Landlord / lessor Property industry Tenant
A security bond is a payment made in advance by a tenant to cover any costs for which the tenant may be liable at the end of the tenancy, such as damage to the property or chattels, outstanding water usage charges or unpaid rent. When a tenant pays the bond, the lessor must give a receipt on the spot, showing the: name/s of those who paid,
amount,
date and
address of the rental premises. The bond is the tenant's money and must be lodged with the Bond Administrator (Consumer Protection) until the end of the tenancy. If more than one person has paid the bond (such as in a shared house), it is important the names of all the parties appear on the lodgement form, to protect everyone’s share. The Bond Administrator will send a record of payment of security bond directly to the tenant/s. If the tenant is permitted to keep pets capable of carrying parasites which can affect humans a pet bond can be charged.