Who pays the rental bond? Whose money
Tenants named on the lease are
responsible for paying the bond.
In the case of co-tenants, each one is
generally responsible for paying their share of the bond.
The tenant will usually complete a bond
lodgement form and should obtain a receipt, once they have paid the bond, from
their landlord orproperty manager.
The monies held belong to the tenant(s)
and the landlord/property manager can not take money from the bond unless
they have a good reason.
Heads up: Bond replacement products
(such as bond guarantees or bond loans) are not legal in some states and
However, bond assistance may be
available through a government department.
Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property
RealRenta also has a free vision, so why not check it out
Wednesday, 25 November 2020