Who pays the rental bond? Whose money
is it?
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
territories.
However, bond assistance may be
available through a government department.
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Jason Gwerder
Wednesday, 25 November 2020