Maximum Bond

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The maximum bond you can be charged is set out in the Act. It is an offence for the lessor, agent or provider to charge more than the maximum bond amount. If they do this, they could be fined.

For general tenancies:

  • If your weekly rent is $700 or less, the maximum bond is equal to four weeks rent
  • If your weekly rent is more than $700, there is no maximum bond limit

For rooming accommodation:

  • If your weekly rent is $500 or less, the maximum bond is equal to four weeks rent
  • If your weekly rent is more than $500, there is no maximum bond limit

For moveable dwelling premises:

  • where the tenancy is a long tenancy (more than 42 days) and electricity is supplied in the lessor’s name and individually metered, the maximum bond is equal to three weeks rent
  • In any other moveable dwelling premises, the maximum bond is equal to two weeks rent

If your lessor is also your employer and gives you a rental subsidy, the maximum bond is the greater of $400 or the maximum bond that would otherwise apply.

You should receive an official receipt from the RTA within two weeksof paying your bond.

 

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