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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Prajin

Content: Snug Blog
Complete Guide to Rental Bonds in Australia for Renters
in Renters on Dec 28, 2017 Dec 28, 2017
There is a lot to learn about rental bonds in Australia. Understanding the process and costs for lodging a bond, and claiming a bond refund is important to ensure you receive your bond back. You should check with your local rental bond authority before agreeing and transferring a rental bond between a tenant and owner. Rental bonds have different definitions across Australia but essentially serve the same purpose. The NSW rental bond definition is: “rental bond” means an amount of money paid or payable by the tenant or another person as security against any failure by a tenant to comply with the terms of a residential tenancy agreement. Bonds are not mandatory, bonds are optional in every state in Australia. The rental bonds are managed by the rental bond authority in each state in Australia: NSW Rental Bond Board, Queensland Residential Tenancy Authority, Victorian Residential Tenancy Authority, South Australia Residential Bonds Online, Tasmania Rental Deposit Authority and Western Australia BondsOnline, and Access Canberra in the ACT. The Northern Territory does not have a bond board, simply bonds are held by the owner or agent.