Rental bond
processes
New laws in effect from 6 June 2024
Commercial bond loans–
the process for refunding bonds involving commercial bond loan suppliers has
changed
Bond for rooming accommodation–
bonds must be lodged for each room where the owner lives on the premises and
there are no more than three rooms available for rent, as well as student
accommodation
Bond disputes– if a bond dispute is
dismissed or withdrawn at Queensland Civil and Administrative Tribunal (QCAT),
the RTA can release the bond as per the original request.
Upcoming changes (dates to be advised)
Maximum bond– no more than four weeks rent
can be requested by a managing party. There will be provision in certain
circumstances for tenants to request a refund of bonds paid over the maximum
amount prior to these changes coming into effect
Evidence for bond claims–
when making a bond claim or disputing a bond, the managing party must provide
the tenant with supporting evidence within 14 days of lodging a claim or
dispute.
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Jason Gwerder
Tuesday, 25 June 2024
