Bonds - Managing bond payments.

Managing bond payments in share houses.

Only at the conclusion of a rental agreement may the RTBA release a bond. The bond claim form must be signed by all parties listed on a rental agreement.

The names on the rental agreement must be changed with the rental provider whenever tenants move in and out of a shared residence. The rental provider must then transfer the bond to RTBA.

When can extra bonds be requested?

Only when renters request changes to a property or when a long-term lease is in place can rental providers request an additional bond. It's referred to as a bond top-up.

A "modification bond" is an additional bond required when renters make modifications to a property. This can either be paid at a later date or as part of the bond that is paid when a renter moves in.