Taking a Bond
How much bond do you take from the tenant?
The Residential Tenancies Act permits a bond of up to four weeks rent. A bond equivalent to 3 weeks rent is our standard bond, however, in some circumstances, we do request a bond equivalent to 4 weeks rent.
When do you pay back the bond monies?
We only refund the bond after the following has occurred:
- The tenant has fully vacated the property and keys have been returned
- The property has been inspected and is satisfactory when compared with the commencement inspection report.
- All monies are paid. This could be any outstanding rent, water or anything owed by the tenant.