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A bond is a payment that rental providers (previously called landlords) can request at the start of a rental agreement (lease). It is held in trust during an agreement by the Residential Tenancies Bond Authority (RTBA). Bonds cover damage and other costs rental providers may have to pay when the renter moves out.
The landlord must lodge it with Consumer and Business Services (CBS). It is returned at the end of the tenancy if there are no claims for cleaning, outstanding rent or other costs. Landlords/proprietors must lodge a bond within two weeks of it being received. Agents have four weeks to lodge the bond.
When renters make the claim themselves, bond refunds take between 14 and 20 business days. This allows time for other renters or the rental provider to be notified of the claim and to contest it if they choose.
When renters make the claim themselves, bond refunds take between 14 and 20 business days. This allows time for other renters or the rental provider to be notified of the claim and to contest it if they choose.
A bond is a payment that rental providers (previously called landlords) can request at the start of a rental agreement (lease). It is held in trust during an agreement by the Residential Tenancies Bond Authority (RTBA). Bonds cover damage and other costs rental providers may have to pay when the renter moves out.
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In Queensland all rental bonds must be lodged with the RTA during the tenancy. This applies to all residential bonds, including bonds paid for boarders or lodgers, or for on-campus university accommodation, which is not covered by other parts of the Act.
The Bond lodgement is used when lodging either a full or part-payment of rental bond money (for Queensland tenancies) with the Residential Tenancies Authority (RTA).
You will normally complete a bond lodgement form. The bond money is then lodged into a joint account between you and the landlord, which normally accrues interest for the tenancy term. Your rental bond will be released at the end of your tenancy, where you may receive a full or partial refund.
About the bond The bond is money you pay at the start of the tenancy as security in case you do not follow the tenancy agreement. A bond is not compulsory but most landlords/agents ask for one.
The RTBA holds all Victorian residential tenancy bonds in trust; these include those for rented premises, long-term caravans, rooming houses, and caravan sites under site agreements. When a rental agreement ends, property managers/landlords and tenants/residents have equal say in how the bond should be repaid.

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