This is the money a tenant pays at the beginning of the tenancy as security against breaches of the agreement by the tenant. Our executives ensure that the bond of the tenant is lodged with the Residential Tenancy Bond Authority.
It is illegal for the landlord to ask a friend or family member of the tenant to act as guarantor for the tenant.
Topping up the Bond
It is illegal for the landlord to ask for more bond money if the rent is increased.