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If the tenant and lessor agree on the refund of the bond, in part or in full, a refund form (Form 4) signed by all parties can be lodged with the RTA. A refund is usually completed within 2 to 3 days.
Refunds will be processed within 5 working days when a fully completed form is received. If theres unpaid rent or other outstanding costs, the tenant and landlord may agree to split the bond. Part of the bond is refunded to the landlord to cover their costs and the rest is refunded to the tenant.
This includes completing and signing the property inspection report and bond lodgement form. Landlords must lodge the bond within 23 working days of receiving it.
Agreed refunds There must be an agreement on how the bond should be paid. Tenants or property managers/owners can request and agree to a bond refund online using RTA Web Services. Alternatively, everyone listed on the bond must sign the paper Refund of rental bond (Form 4) request and submit it to the RTA.
Once the bond is lodged, the tenant and landlord will receive an acknowledgement. This will include the bond number.
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People also ask

Bond money is returned to renters when they move out at the end of the agreement, unless there is a reason for the rental provider (landlord) to make a claim. If you cant agree on the bond, either the renter or the rental provider can apply to the Victorian Civil and Administrative Tribunal (VCAT) for a decision.

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