Most landlords or agents will ask you to pay a bond when renting a residential property. A bond acts as a security for the performance of the tenant’s obligations under a residential tenancy agreement. Bond money can be used by the lessor (also known as the landlord) to pay things such as damage caused by a tenant (besides normal wear and tear) or any outstanding payable rent.
Lessors and agents are not required by law to take a bond from a tenant, however, if they do receive a bond they are required to lodge it. Bonds can be any amount not exceeding the first four weeks rent. Lessors and agents must give the tenant a receipt as proof of payment of the bond.
The ACT Revenue Office is responsible for the receipt and management of residential tenancy rental bonds in the ACT under the Residential Tenancies Act 1997 (the Act) and the Residential Tenancies Regulation 1998 (the Regulation).
The ACT Revenue Office does not provide legal advice to tenants, landlords or real estate agents.
Tenants can contact: