Your bond may be increased if your rent increases, however, you cannot be asked to pay more than the maximum amount of bond. Bond can only be increased once in a 12 month period and you must be given at least 1 month written notice of the increase.
Bond cannot be increased during a fixed term tenancy unless a term in the agreement allows for this. If you face financial harship because your rent is increased and you are asked to pay additional bond, you could ask the lessor or provider to let you pay the extra bond in instalments.
Never sign a blank Refund of Rental Bond form. This is like signing a blank cheque.
Information supplied courtesy of the Tenants Union of Queensland Inc
Further information and advice for Queensland tenants can be sourced from www.tuq.org.au