Rental bond authority

What is a rental bond? A rental bond is a security deposit paid at the start of the tenancy. It is an offence not to do so.

We are a state government statutory authority that helps make renting work for everyone. We provide tenancy information and support, bond management, dispute resolution, investigations and prosecutions, and education services. The version of the browser you are using is not compatible with this website.

Please update your browser to a more recent version. Your council may have its own rent deposit, bond or guarantee scheme. They may know of other local schemes run by charities.

Tenants who have looked after the house, paid rent in full, and paid any amounts owing should get a refund of their bond when the tenancy ends. Information about rental bonds. For information about lodging, transferring or claiming a bond , see our rental bond information page. Getting your rental bond back. To get your bond back, you must apply to the RTA after your tenancy has ended.

Property maintenance and cleaning. Rental Bonds Online is a service helping tenants, agents and self-managing landlords lodge and refund bond money securely and easily. NSW Fair Trading encourages everyone involved in the process of renting to use this service.

You can pay a bond as one amount, or each tenant can contribute an amount, called a bond contribution. The Rental Deposit Authority holds all rental bonds. A tenant can pay the bond once the owner or agent has completed the lodgement in MyBond. The tenant will receive a notification when this has happened.

A bond is a sum of money paid to the landlord or real estate agent at the start of your tenancy. At the end of your tenancy the landlord may try and claim some or all of your bond as compensation for damage to the property, cleaning or unpaid rent. The maximum Bond that can be charged in the NT is the equivalent of weeks’ rent.

The Bond must be held on trust for the tenant by the landlord in a secure. Additional lessors will be identified during the bond lodgement process, but will not have access to view the bond. About Rental Bonds. Most landlords or agents will ask you to pay a bond when renting a residential property. A bond acts as a security for the performance of the tenant’s obligations under a residential tenancy agreement.

The rental bonds are managed by the rental bond authority in each state in Australia: NSW Rental Bond Boar Queensland Residential Tenancy Authority , Victorian Residential Tenancy Authority , South Australia Residential Bonds Online, Tasmania Rental Deposit Authority and Western Australia BondsOnline, and Access Canberra in the ACT. The Northern Territory does not have a bond boar simply. Setting up Bond Authorities. This bond must be forwarded to your state residential tenancies bond authority. The authority will hold the bond on behalf of you and the tenant during the tenancy.

In most instances, the bond is equivalent to one month’s rent. But if you have an expensive property, or if the rental property was previously your home, the bond can be more than. You typically pay a bond to a landlord or property manager before you move into your new house.

This factsheets includes specialist information for Koori tenants in NSW. It explains about the rental bond and how it relates to your tenancy. Please note that special rules during COVID-may affect some info in this factsheet. See our COVID-resource here.

Landlords must lodge tenants' bond money with the Board. For more general information see Bond. Prior to the establishment of the Boar landlords held rental bonds in trust.

Many tenants experienced difficulties contesting refund on the bond. Rental bonds When you rent a place to live, you will usually be asked to pay a rental bond. In Queenslan this bond money is held by the Residential Tenancies Authority (RTA) until you move out.