Title: Rental bond | Residential Tenancies Authority
Headings: Rental bond
Rental bond
How much bond can be taken?
Bond loans and rental grants
How to apply
Other rental assistance
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Content: Rental bond | Residential Tenancies Authority
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Rental bond
START NOW Lodge or refund a bond; update your details
A rental bond is a security deposit paid at the start of the tenancy. If the property manager/owner takes a bond, they must give the tenant a receipt and lodge it with the RTA within 10 days. It is an offence not to do so. A rental bond is lodged with the RTA Web Services, or by post, using a Bond lodgement (Form 2). The bond is paid back to the tenant when the property is vacated, provided no money is owed for rent, damages or other costs. How much bond can be taken? For general tenancies the law says if the rent is $700 or less per week, the maximum bond amount is 4 weeks rent. If the weekly rent is higher than $700, the amount of bond should be negotiated between the property manager/owner and tenant.