A Western Australian landlord has been convicted for failing to lodge $3,200 in bond money.
He was fined $5,000 for each offence and was ordered to pay an additional $3,775.10 in costs and was in breach of the Residential Tenancies Act.
Under WA legislation, landlords must lodge bonds with the Bond Administrator by a maximum of 14 days after receiving the funds.
He kept the bonds at the end of the tenancies without the tenants’ consent or without a court order.
Landlords who fail to lodge bond monies can also face criminal convictions and fines up to $20,000.
•Don’t forget to upload all documents relating to each tenancy onto the RealRenta platform for full transparency for you and your tenants.
• Use RealRenta’s Service ledger to input all expenses relating to the a tenancy that are not rental revenue.
Friday, 5 April 2019