Most rental properties in Australia require a bond to be paid at the start of your tenancy. The bond payable is equivalent to 4 weeks of rent. Providing there is no damage at your property at the end of your tenancy, your bond will be returned in full at the end of your tenancy. To get your bond back, you and your property manager need to complete the bond refund form relevant to your state. To make sure you get your bond back, follow the steps below.
Take care of your property and report maintenance needs
Make sure you take care of your property throughout your tenancy. The most common reason tenants have money taken out of their total bond payment is because the property has been damaged and needs repair. If you report any maintenance and repair needs quickly throughout your tenancy, and take care of the property, it should be in good condition at the end of your tenancy.
Make sure legal procedures are followed
When you pay your bond to your property manager or landlord, it needs to be lodged with your state's rental authority within 10 days. You should receive notification from the authority once your bond has been lodged. If you don't receive a notification, follow up with your property manager or landlord to make sure your bond payment has been lodged.
Take photos and complete condition reports
When you move into your new property, complete the entry condition report thoroughly. If there is anything that needs attention, take a photo and notify your property manager or landlord straight away. This will ensure the right people know any damage when you moved in was existing and not caused by you during your tenancy.
Complete all exit tasks
Before your tenancy ends, make sure a bond clean is done. There are several professional companies who can do this for you. If you have carpet and blinds in your property, your property manager may also request these be professionally cleaned as well. Once the property is clean, go through the property and complete your exit condition report. Remember, any damage caused by you throughout your tenancy will need to be repaired at your cost.
If you look after your property throughout your tenancy and keep thorough records, you should receive your bond refund in full at the end of your tenancy.