The Rental Bond Board is the independent custodian of rental bonds paid by tenants to landlords for residential tenancies. Rental Bonds Online is a service helping tenants, agents and self-managing landlords lodge and refund bond money securely and easily. NSW Fair Trading encourages everyone involved in the process of renting to use this service. What is a landlord bond? How does a rental bond work?
A rental bond is lodged with the RTA Web Services, or by post, using a Bond lodgement (Form 2).
The bond is paid back to the tenant when the property is vacate provided no money is owed for rent , damages or other costs. All landlords and agents must give you the option to use the online system if you want. The second method is to the Rental Bond Board (sometimes called the Rental Bond Authority). Bonds can be paid in installments through a bond loan company. Carefully consider the interest rate and full cost of the bond payment plan including any late fees.
In most states the rental bond is paid to the Rental Bond Authority. Migrated bonds will now be visible on your Manage Bonds screen with their original six-digit bond numbers. You will be able to manage these bonds through the portal just like any other bond.
Are you an agent or landlord? Tenancies terminated due to domestic violence Landlords and agents cannot list a tenant on a tenancy database if the tenant ended their tenancy in circumstances of domestic violence. MOST REQUESTED DOCUMENTS.
It took me one year to recover a bond from the Rental Bond Board after a previous tenant vacated. When you’re approved for RentBon we’ll either pay your loan directly to your agent, or to your nominated bank account (so you can pay the agent or landlord yourself). If the new rental bond is less than the previous bond , complete a Refund of rental bond (Form 4) for a partial bond refund before the Change of rental property (Form 3). Agents must lodge bonds (paid directly to them) with the Rental Deposit Authority (the RDA) within working days.
The RDA holds the money until the end of the tenancy when someone registered against the bond record claims it back. The version of the browser you are using is not compatible with this website. Please update your browser to a more recent version. Tenants who have looked after the house, paid rent in full, and paid any amounts owing should get a refund of their bond when the tenancy ends.
They must also pay rent to their new lessor for the dwelling they have undertaken to rent. If the lessee feels they should not have to pay this rent in light of the circumstances (the confinement order), they can submit an application to recover it to the Régie du logement tribunal, which will determine the merit of the application. The Act conferred and imposed on the Board certain powers, authorities, duties and functions. They do this by logging in to the Residential Tenancies Bond Authority (RTBA) Online website and entering in the claim details.
The Bond Board are really good. If you are an agent or lessor please sign in below.
They’ve been really helpful to me and they’ve really sorted me out. They’re not just an organisation, you’re not just a number, they care about you. A bond is a security deposit in case you damage the property.
The bond money is held by the Residential Tenancies Bond Authority. It is returned in full at the end of your lease, unless the landlord is eligible to claim for damages or unpaid rent. The loans are for bonds only.
Getting your rental bond back. To get your bond back, you must apply to the RTA after your tenancy has ended. Landlords or proprietors who don’t use RBO can still manage bonds manually.
Property maintenance and cleaning. Bond refunds can be processed faster through RBO. Parties to a bond can check whether it has been lodged or track the progress of a bond claim.