• Home
  • Articles
    • Front Page
    • General Interest
    • Snippets
    • Mayoral Notes
    • Letters to the Editor
  • Competitions
  • Our Community
    • Our People
    • Question of the Week
    • Jobs in the Central West
    • Be Seen
  • Features
    • Rural Round Up
    • My Place
    • Health & Wellbeing
    • Loving Local Living
    • Just a Short Drive
    • Real Estate
  • Sports
    • Bowls
    • Cricket
    • Equestrian
    • Footy Tips
    • Golf
    • Netball
    • Rugby League
    • Rugby Union
    • Soccer
    • Touch Football
  • Contact Us
    • Contact Page
    • Advertise with us
    • Testimonials
    • Submit an Article
    • Subscribe to the Parkes Phoenix

Parkes Phoenix

Rental Bonds

August 21, 2020 By editor

Today I would like to share some information with you regarding rental bonds. At the beginning of a tenancy, we ask the tenant to pay a bond for the rental property which is equivalent to four weeks rent.

The bond is only four weeks rent regardless of how many tenants occupy the property, and it is used as security for the property in case the tenant does not follow the terms of the agreement and they need to compensate the landlord.

Rental bonds are required to be lodged with the Rental Bond Board. These days we lodge bonds using rental bonds online. The bond lodgement details include the rental property address, the landlord and landlord’s agent, and the primary tenant.

To ensure they get the bond back, tenants need to make sure the property is left in the same condition as when they first rented the property, except for fair wear and tear. If the tenant has damaged the property, or not left it in a clean and tidy condition, or if they owe rent or other money to the landlord, they may forfeit some or all of their bond.

If there is a dispute over the bond at the end of the tenancy, then the matter is taken to the NSW Civil and Administrative Tribunal.

We hope that helps you understand rental bonds a little more, and if you have any questions regarding this topic or would like assistance with managing your rental property, we are more than happy to assist at Century 21 Central West for all your property management needs.

Filed Under: Our Community, Real Estate

Latest Print Editions

Click here to download the recent issue (255) of The Parkes Phoenix (2.5MB PDF) – 16th April 2020

STAY CONNECTED

The Parkes Phoenix would like to thank you, our Facebook friends, for your continued support and readership!

CENTRAL WEST RURAL ROUND UP BOOKLET

Click here to download the Rural Round Up Booklet 

SEARCH THE PHOENIX

Recent Articles

  • Water And Wood From Bumberry April 16, 2021
  • Our Young Bloke – Oliver Neilsen April 16, 2021
  • Council Of Elders In Parkes April 16, 2021
  • Bridge Banter April 16, 2021
  • Trishaw Opens Up World For Elderly April 16, 2021

CONTACT THE PHOENIX

Head Office Phone: (02) 6344 1846

Postal Address PO Box 203 Canowindra NSW 2804  

Editorial – Maggi Barnard Phone 0403 080 085 editor@parkesphoenix.com.au

Sales – Rochelle Frame Phone 0490 517 590 sales@parkesphoenix.com.au  

View our Privacy Policy.

View our Conflict Resolution Process.

View our Ethics and Complaints Policy.

Want to advertise with us?

Information on our Community Promotions.

Submit an Article

We are always looking for new articles of interest to the local community.

Please feel free to submit an article for possible inclusion in a future issue.

To submit an article, click here to use our online article submission form.

Recieve the Phoenix via email

* indicates required

Copyright © 2021 · Website setup by WebSysMan