2020-11-27
Who holds the bond?
All bonds must be lodged
with the state/territory bond administrator:
Australian Capital Territory– Office of Rental Bonds
(lodgement within two weeks for landlords, four weeks for agents)
New South Wales– Office of Fair Trading (lodgement
within 10 working days)
Northern Territory– held by landlord or property manager(receipt must be given
to tenant)
Queensland– Residential Tenancies Authority
(lodgement within 10 days)
South Australia– Consumer and Business Services
(lodgement within two weeks for landlords, four weeks for registered agents)
Tasmania– Rental Deposit Authority (lodgement within
10 working days)
Victoria– Residential Tenancies Bond Authority
(lodgement within 10 business days)
Western Australia– Consumer Affairs Bond
Administrator (lodgement within 14 days)
The bond is typically
held in a joint account between the landlord and tenant.
The authority will issue
an official bond number once the monies are deposited.
FYI: Interest that accrues for the term
of the tenancy is often used to fund tenant advocacy groups.
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
https://mailchi.mp/realrenta/50-deal-2020
RealRenta also has a free vision, so why not check it out
Jason Gwerder
Friday, 27 November 2020
