Rental Bond
A rental bond is an amount of money paid by the tenant as a form of security for the landlord against any future breaches of the tenancy agreement including unpaid rent or damage to the property.
The rental Bond is lodged with the NSW Office of Fair Trading (13 32 20). Once lodged, the tenant will receive written confirmation from the Office of Fair Trading that they have received the Rental Bond. Included in this confirmation will be a Rental Bond Registration Number.
The Bond will be refunded after you vacate, provided all rent is paid, and there are no outstanding amount for cleaning the property or repairs.
