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: 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. $350 per week, then some states permit a higher amount of bond. NSW
Max 4 weeks rent can be taken as a rental bond
VIC
Max 1 months rent can be taken as a rental bond unless the rent is above $350 per week, then any amount take be negotiated between the parties. However, unless the property is furnished or a luxury home, the rental bond amount is usually 1 months rent. QLD
Max 4 weeks rent can be
WA
4 weeks rent Unlimited if the weekly rent is over $500 or owner was living in premises for previous 3 months $100 extra can be charged if tenant has cat or dog to cover fumigation
SA
Max 4 weeks rent if weekly rent = $250 or less 6 weeks rent if weekly rent > $250
TAS
Max 4 weeks rent
NT
Max 4 weeks rent
ACT
Max 4 weeks rent
There are two ways in which a bond can be paid. Firstly to the property manager/real estate agent or the owner.