When is the bond released? And to whom?
Bonds are released at the end of the
The bond is paid back to the tenant
when the property is vacated, provided no money is owed for rent, damages or
A tenant may receive a full, partial or
nil refund of the bond monies.
In order for a tenant to get their bond
back, they will generally need to:
pay their rent on time
cause no damage to the property
show the bond receipt
provide a detailed condition report
leave the property in a clean and tidy
condition (usually the tenant is required to do a professional end of lease
clean and provide proof)
At the end of the tenancy, an agreement
needs to be made about how the bond will be refunded.
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Tuesday, 1 December 2020