Bond - What is a Bond?

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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).

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).

Office of Regulatory Services (Bonds) 6207 1178


bond lodgement, return and inquiries
www.ors.act.gov.au

 

Information supplied courtesy of the Tenants Union of ACT

Further information and advice for ACT tenants can be sourced from

www.tenantsact.org.au