Bond

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If bond is charged it must be lodged and bond cannot be more than the equivalent of 4 weeks’ rent!
 

THE BOND IS YOUR MONEY!

Don’t just give it away!

Bond lodgement and refund processes are regulated by the Residential Tenancies Act 1997 (RTA). The terms of your tenancy are set out in the RTA and Standard Lease and are known as the ‘standard tenancy terms’ (STT).


What is a bond?
A bond is a landlord’s security in case a tenant leaves owing rent or does damage to the property that has to be repaired. A landlord does not have to ask for a bond. However, if they do, the bond cannot be more than 4 weeks' rent (s 20 RTA).

 

AT THE START OF A TENANCY

For further information please visit the following pages:

AT THE END OF YOUR TENANCY

It is essential that you end your tenancy and finalise your responsibilities for the house with a final inspection.
As a tenant you are expected to return the property in substantially the same condition and level of cleanliness it was in at the beginning of the tenancy (as noted in the condition report), allowing for fair wear and tear (cl 64). You cannot be made to improve the property (cl 65 STT).

For further information please visit the following pages:

Information supplied courtesy of the Tenants Union of ACT

Further information and advice for ACT tenants can be sourced from

www.tenantsact.org.au